210k views
21 votes
What are the steps in the recording process

User Matt Habel
by
8.2k points

1 Answer

11 votes
The basic steps in the recording process are (1) analyze each transaction for its effects on the accounts, (2) enter the transaction information in a journal, and (3) transfer the journal information to the appropriate accounts in the ledger.
User BSeitkazin
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.