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1. Identify the accounts affected
2. Classify accounts affected.
3. Determine the amount of increase of decrease for each account affected.
4. Which account is debited? For what amount?
5. Which account is credited? For what amount?
6. What is the complete entry in the T account form?
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoThere are four steps to business transaction analysis. These include classification, recording, reporting, and identification. These can be broken up into further steps.
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What are the steps of business transaction analysis?
1. Identify the accounts affected 2. Classify accounts affected. 3. Determine the amount of increase of decrease for each account affected. 4. Which account is debited? For what amount? 5. Which account is credited? For what amount? 6. What is the complete entry in the T account form?
How many feet is 72 In?
6 ft Algebraic Steps / Dimensional Analysis 72 in*1 ft 12 in=6 ft
How many inches is 6 cm?
6 inches = 15.24 centimeters.Algebraic Steps / Dimensional Analysis Formula6in*2.54 cm1 in=15.24cm
How big is 6 inches in cm?
6 cm is about 2.36 inches. Algebraic Steps / Dimensional Analysis Formula 6 cm* 1 in 2.54 cm = 2.362204724 in
What are the steps in a new product planning?
There are seven stages in NP planning process; 1. Customer need analysis 2. Idea generation 3. Screening and evaluation 4. Business analysis 5. Product/ Marketing strategy development 6. Testing 7. Commercialisation
What is 6 centimeters converted to inches?
2.3622 in Algebraic Steps / Dimensional Analysis 6 cm*1 in 2.54 cm=2.362204724 in
How many cups in 6 tablespoons?
0.37 c Algebraic Steps / Dimensional Analysis Formula 6 tbsp*1 c 16 tbsp=0.375 c
What are the steps in journalizing?
Identify the transaction: Determine the nature of the business transaction that has occurred. Analyze the transaction: Understand which accounts are impacted by the transaction and the amount involved. Record the transaction: Debit and credit the appropriate accounts based on the accounting equation (Assets = Liabilities + Equity). Post to the general ledger: Transfer the journal entry information to the general ledger accounts.
What is the steps in accounting process?
1 - Collect source document 2 - Analyze the transaction 3 - Journalize transaction 4 - Posting transaction 5 - Prepare unadjusted trial balance 6 - Prepare adjusting entries 7 - Prepare trial balance 8 - Prepare financial statements
6 cm equals how many inches?
6 inches = 15.25 cmAlgebraic Steps / Dimensional Analysis Formula 6 in*2.54 cm1 in=15.24 cm
How many inches is 6 centimeters?
15.24 cm Algebraic Steps / Dimensional Analysis Formula 6 in* 2.54 cm 1 in = 15.24 cm
What are the 6 steps of the accounting cycle?
1. Analyst transaction 2. Journal entry 3. Ledger 4.Trial Balance 5. Adjusting Trial balance 6. Adjusted Trial balance
