_____ transactions is the process of recording and tracking any transaction that your business performs.
Understand the Problem
The question is asking to identify which term describes the process of recording and tracking business transactions from the provided options.
Answer
Journalizing
The final answer is Journalizing.
Answer for screen readers
The final answer is Journalizing.
More Information
Journalizing is the process of recording business transactions in the accounting records. It is the first step in the accounting cycle, essential for maintaining accurate financial records.
Tips
A common mistake is confusing journalizing with bookkeeping. Journalizing is a part of bookkeeping but specifically involves recording transactions in the journal.
Sources
- Journalizing Transactions: Definition and Examples - deskera.com
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