Question

a system used to record, classify, summarize and report the financial position of a business is known as which of the following?
○ human resources
○ management
○ accounting
○ distribution

Explanation:

Accounting is the system that records, classifies, summarizes, and reports a business's financial position. Human - resources deals with employees, management is about overseeing operations, and distribution is about getting products to customers.

Answer:

Accounting