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What is the relationship of internal transaction to the adjusting process?
Adjusting entries are not based on external transactions, they are corrections made internally to a set of books
The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
What is the relationship between internal energy and temperature in an isothermal process?
In an isothermal process, the internal energy of a system remains constant because the temperature does not change. This means that the relationship between internal energy and temperature is that they are directly proportional in an isothermal process.
When should the KYC process be performed?
The KYC process should be performed before establishing a business relationship or conducting financial transactions with a customer.
What is the relationship between the work done in an adiabatic process and the change in internal energy of a system?
In an adiabatic process, the work done is equal to the change in internal energy of a system.
What is adjusting the cutlery?
what is the process in adjusting cutlery?
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.
If your organization does not allow you to approve your own transactions how might transactions become a approved?
If my organization does not allow me to approve my own transactions, they would typically require a designated approver, such as a manager or supervisor, to review and authorize them. This process often involves submitting the transaction for approval through an internal system, where the approver can assess the legitimacy and compliance of the request. Additionally, some organizations might implement an automated workflow that routes transactions to the appropriate approver based on predefined criteria. This ensures accountability and helps maintain internal controls.
What are the steps in the recording process in accounting?
The basic steps in the recording process are Identify and analyzing transactions and events -> Recording in journals -> posting to the ledger -> Unadjusted trial balance -> Adjusting entries -> Adjusted trial balance -> Financial statement -> Closing entries -> Post closing trial balance
What does the accounting process begins with?
transactions and events
When an organism is regulating is internal environment it is?
booby juice
What does regularize mean on your bank ministatement?
On your bank mini statement, "regularize" typically refers to a process of correcting or normalizing account transactions. This may involve adjusting any discrepancies, ensuring that all transactions are properly recorded, or updating your account status to reflect accurate balances. Essentially, it signifies efforts to maintain the integrity and accuracy of your account records.
