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What is the process of assigning a monetary value to all business transactions?
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∙ 13y ago
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Wiki User
∙ 13y ago
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How does business transaction relate to accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
Which phase of the accounting process involves recognizing the effect of transactions on assets liabilities owner's equity revenue and expenses of a business?
Processing
How can you justify that accounting is an information system?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
How do you explain accounting Cycle?
It is a process to record business transactions in ledger accounts and then generating useful financial information for example income statement, balance sheet.
What does the accounting process begins with?
transactions and events
What is the process of assigning indirect costs?
Cost allocation...
What's a credit card processing company?
A credit card processing company is a third party in a credit card transaction. They process the transactions on behalf of a business for a fee. This may be especially helpful for a small business that doesn't have a lot of credit card transactions.
How does business transaction relate to the accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
How does business transaction relate to accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
Which phase of the accounting process involves recognizing the effect of transactions on assets liabilities owner's equity revenue and expenses of a business?
Processing
How can you justify that accounting is an information system?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
What is a difference between business functions and process?
business process managementA business function is a grouping of internal activities or transactions based on certain criteria (e.g. organisational unit or required skills). A business process is a collection of internal activities or sub processes, which are being executed in a certain sequence, with the goal of producing a predefined collection of products or services.
The process of assigning memory addresses to programs is called?
memory mapping
Which process of assigning a value to an attribute at the run time is?
Dynamic binding
Dhcp background process for assigning ip address to client?
two
Is the process of creating table designs by assigning specific fields or attributes to each table in a database?
Normalization is the process of creating table designs by assigning specific fields or attributes to each table in a database.
