Fill in the Blanks DIBM_U7_Accounting_Activity 2Online version Fill the blanks using the appropriate keywords. by Dimuthu Thammitage 1 financial accounting accounting financial position reporting cash Accounting is the process of recording transactions pertaining to a business . The accounting process includes summarizing , analyzing and these transactions to oversight agencies , regulators and tax collection entities . The statements used in are a concise summary of financial transactions over an period , summarizing a company's operations , financial and flows .