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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.
What does the accounting process begins with?
transactions and events
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 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.
When an organism is regulating is internal environment it is?
booby juice
Is the updating of accounts is called the adjusting process?
YES
