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Adjusting entries are not based on external transactions, they are corrections made internally to a set of books
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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
The process of recording a transaction in the journal is called?
The process of recording a transaction in the journal is called "journalizing." This involves documenting each transaction in chronological order, detailing the accounts affected, the amounts, and a description of the transaction. Journal entries serve as the foundational step in the accounting cycle, leading to the posting of information to the ledger.
The process of initially recording a business transaction is called?
Journalizing
what is 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 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.
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?
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?
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 pull back a transaction?
As part of the transaction approval process, how do you pull back a transaction?
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 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?
What is adjusting the cutlery?
what is the process in adjusting cutlery?
How do you approve a transaction as part of the transaction approval process?
on the transaction list, select the transaction and click the Approve button
As part of the transaction approval process how do you approve transaction?
on the transaction list, select the transaction and click the Approve button
