Question

The process of calculating revenue and expenses through receipts and other facts to determine what the numbers are for a company or entity is known as

Answer 1

Accounting

Step-by-step explanation:

This process described is known as accounting. It involves recording of all business transactions into the books of account, summarizing them and analyzing every transaction. Accounting uses revenue and expenses to determine whether a firm has made loses or profits in a given period of time. Accounting also determines the net worth of a business.