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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 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.
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
Is the updating of accounts is called the adjusting process?
YES
When an organism is regulating is internal environment it is?
booby juice
What do you mean by Due process policies?
Due process policies are those prescribed procedures expected to be adhered to in transactions especially in public transactions from the opening to the closing of the transaction.
Is in the adiabatic process change in internal energy is equal to change in work done?
In an adiabatic process, where there is no heat exchange with the surroundings, the change in internal energy is equal to the negative of the work done. This relationship is a result of the first law of thermodynamics, which states that the change in internal energy of a system is equal to the heat added to the system minus the work done by the system.
It is called the internal process which makes food absorbable?
The internal process which makes food absorbableAnswer this question…
What is the process of assigning a monetary value to all business transactions?
Valuation
