1. It is the systematic process of measuring & reporting relevant financial information about the activities of an economic organization or unit 2. It is the occupation or function of serving. Activity is something that is done as work or for a particular purpose. 3. It is the process of preparing financial statements and interpreting the results thereof. 4. He was able to construct a comprehensive & fully-articulated set of double-entry records. 5. He was also known as "The Father of Accounting & Bookkeeping". 6. It was the primary form of money-changing in the middle ages. 7. It is a basic phase of Accounting that all financial transactions are recorded in a systematical and chronological manner in the appropriate books or databases 8. It is a phase of accounting involves summarizing the data after each accounting period, such as a month, quarter or year. 9. It is a phase of accounting that able the users to determine the financial standing of the company as well as its stability & growth potential. 10. It is a phase of accounting that involves sorting and grouping similar items under the designated name, category or account.​