0
Still curious? Ask our experts.
Chat with our AI personalities
FranI've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
JudySimplicity is my specialty.
Chat with Judy
JordanLooking for a career mentor? I've seen my fair share of shake-ups.
Chat with JordanAdd your answer:
Earn +20 ptsQ: What is the process of assigning a monetary value to all business transactions?
Write your answer...
Submit
Still have questions?
Continue Learning about Accounting
Which phase of the accounting process involves recognizing the effect of transactions on assets liabilities owner's equity revenue and expenses of a business?
Processing
How does business transaction relate to accounting process?
Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs
How can you justify that accounting is an information system?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
How do you explain accounting Cycle?
It is a process to record business transactions in ledger accounts and then generating useful financial information for example income statement, balance sheet.
What does the accounting process begins with?
transactions and events
Trending Questions
What is expected to be the biggest amount on your pay stub?
What does it mean to have you capital gains and dividends paid out to you?
Does depeciation expanse increase or decrease cash flow?
Do you have to pay inherit taxes on money willed to you in NC?
What does Bill Gates get paid a year?
When should posting of journal entries be done?
What is meant by economy efficiency and effectiveness in relation to a performance audit?
What happens when you don't file income tax for a particular year?
How can you reopen a credit card account that you closed?
Secret of being rich?
What is the duty of the excautive secretery?
How long banks take to clear checks?
Are dividends the same as profits?
Journal entry of sales to accounts receivable with sales tax?
Unearned revenue account is classified as a?
Explain why it is possible for a company to report a net profit after tax and have less cash in the bank at the end of the year than at the beginning year.?
where can I get help with back property taxes owed.?
What is the purpose of the Chest journal?
Can i sign by myself the form 1040?
What is the mailing address for IRS 1040 in Illinois?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.