Record, classify, and summarize business transactions. What is this called? What is the accounting equation?

Hey God’sown, good to see you again. Here are the correct answers for questions 1 and 2: 1. The process of recording, classifying and summarizing business transactions is called _. B. accounting Explanation: Accounting is the systematic process of identifying, recording, classifying, summarizing, and interpreting financial transactions to provide useful information for decision-making. 2. The accounting equation is _. A. Assets = Capital + Liabilities Explanation: The accounting equation is a fundamental principle in accounting that states that a company's total assets are equal to the sum of its liabilities and owner's equity (also known as capital). Send me the next one 📸