.................... are the end products of the accounting process, which are prepared in accordance with generally accepted accounting Principles (GAAP).
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Financial statements.
Financial statements are the end products of the accounting process, which are prepared in accordance with generally accepted accounting Principles (GAAP).
OTHER OPTIONS
- Procedure- A logical sequence of actions to perform a task.
- Accounting code refers to a system used to classify financial transactions.
- Data element is a general term for a unit of data.