The correct answer is VerificationVerification: It is an activity performed by the auditor in the process of auditing where he verifies the value, ownership, existence, possession of the assets under the name of the company. He also checks whether the assets are placed as collateral security for acquiring finance. Charge on assets: When a loan has been taken by the firm against any asset placed as collateral, the lender of the loan has a right over the assets to use/acquire/sell it to recover the money if the debt is not paid on time. This is called a charge on assets. Additional InformationRatio analysis: It is the method of analyzing the company's performance, liquidity, solvency, profitability, and efficiency. In this, different types of ratios are calculated which mark how a company is performing over time. This helps the managers to take timely decisions for better management. Recording: It is the process of recording the data of financial nature in the company's books of accounts. The foremost step of the accounting process is recording transactions in journals after filtering the financial transactions of the company. Bookkeeping: Book-keeping involves the recording of financial data in the journal of the company and summarising the data in ledgers and trial balances. It is basically the foundation base of accounting. Bookkeeping is one segment of the whole accounting system.