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is the process of systematically maintaining a record of all economic business transactions after they have been identified & measured.
is the process of systematically maintaining a record of all economic business transactions after they have been identified & measured.
Recording
Is the sorting or grouping of similar & interrelated economic transactions into their respective classes. For instance all transactions involving the sale of merchandise can be grouped into one total sales figure and all transactions involving cash can be grouped to report
Is the sorting or grouping of similar & interrelated economic transactions into their respective classes. For instance all transactions involving the sale of merchandise can be grouped into one total sales figure and all transactions involving cash can be grouped to report
Classifying
Flashcards
Recording
Recording
The process of systematically maintaining a record of all economic business transactions.
Classifying
Classifying
Sorting or grouping similar economic transactions into their respective classes.
