0
What is the relationship of internal transaction to the adjusting process?
Wiki User
∙ 11y ago
Adjusting entries are not based on external transactions, they are corrections made internally to a set of books
Llewellyn Wolf
Add your answer:
Earn +20 pts
What is the relationship between finance and accounting?
accounting is the calculation process of financial transaction
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
Is the updating of accounts is called the adjusting process?
YES
what is the process of initially recording a business transaction is called?
journalizing
The process of initially recording a business transaction is called?
Journalizing
What is the relationship of internal transactions to the adjusting process?
Adjusting entries are not based on external transactions, they are corrections made internally to a set of books
What is the relationship between finance and accounting?
accounting is the calculation process of financial transaction
The accounting process is correctly sequenced as?
Inentify the transaction Analyze the transaction Journal Entries Post to Ledger Trial Balance Adjusting entries Adjusted Trial Balance Financial Statements Closing Entries After-Closing Trial Balance
How do you approve a transaction part of the transaction approval process?
As part of the transaction approval process, how do you pull back a transaction?
When part of the transaction approval process how do you approve a transaction?
As part of the transaction approval process, how do you pull back a transaction?
A part of the transaction approval process how do you approve a transaction?
As part of the transaction approval process, how do you pull back a transaction?
What is adjusting the cutlery?
what is the process in adjusting cutlery?
When part of the transaction approval process how do you pull back a transaction?
As part of the transaction approval process, how do you pull back a transaction?
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
How do you approve a transaction?
As part of the transaction approval process, how do you approve a transaction?
As part of the transaction approval process how do you approve transaction?
on the transaction list, select the transaction and click the Approve button
As part of the approval transaction process how do you approve a transaction?
on the transaction list, select the transaction and click the Approve button
