Accounting procedures

[Nina]

Test No. incompl/advan-19 "Money Matters (2)", question 1

Good ......... procedures are very important if you want to run a business profitably and successfully.

(a) accounted
(b) accounting
(c) accounts
(d) accountants

Test No. incompl/advan-19 "Money Matters (2)", answer 1

Good accounting procedures are very important if you want to run a business profitably and successfully.

Correct answer: (b) accounting

Your answer was: incorrect
Good accounted procedures are very important if you want to run a business profitably and successfully.
_________________________

accounted procedures - does it stand for procedures performed by an accountant or does it mean procedures thouroughly checked up???

[Alan]

This means procedures that give an account of how money is organised.
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English as a Second Language
You can read my ESL story A day in the life of a policeman

[Torsten]

Accounting procedures is the correct answer. The idea is that a company should have an effective bookkeeping system in place in order to keep track of every monetary movement.
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Test Of English for International Communication
TOEIC Preparation & TOEIC Vocabulary

[Nina]

Yes, I get the idea. Thank you. It's all crystal clear now.