Recording in terms of accounting means keeping track of all transactions such as expenditure. Records are kept in books like day books i.e purchases day books, purchases returns books, balance sheets, trading profit and loss accounts and trial balances etc.
How often is the recording process in accounting?
Recording phase of accounting is to record the transactions into journal after transactions occured.
The recording process in accounting is the process of summerizing, classifying, and recording analysed transaction data in the journal in a systematic and chronological order and posted those to the ledger.
for recording trasaction
accounting assumptions provide a foundation for recording the transactions and preparing the financial statements there from.
Accounting is the present participle of account, or the development and use of a system for recording and analyzing finances.
accounting is an recording classfing analayzing and summaryzing.
Bid Bonds accounting recording
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
recording classifying summarizing interpreting
accounting
four phases of accounting and their meaning