E1-1 Genesis Company performs the following accounting tasks during the year. 

 Analyzing and interpreting information. 

 Explaining uses, meaning, and limitations of data. 

 Keeping a systematic chronological diary of events. 

 Reporting information in a standard format. 

 Selecting economic activities relevant to the company. 

 Summarizing economic events. Accounting is "an information system that identifies, records, and communicates the economic events of an organization to interested users."

Instructions Categorize the accounting tasks performed by Genesis as relating to either the identification (I), recording (R), or communication (C) aspects of accounting.

1.E.1

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Chapter 1 - Accounting in Action

Chapter 2 - The Recording Process

Chapter 3 - Adjusting the Accounts

Chapter 4 - Completing the Accounting Cycle

Chapter 5 - Accounting for Merchandising Operations

Chapter 6 - Inventories

Chapter 7 - Accounting Information Systems

Chapter 8 - Fraud, Internal Control, and Cash

Chapter 9 - Accounting for Receivables

Chapter 10 - Plant Assets, Natural Resources, and Intangible Assets

1.E.1

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