Question

accounting process begins with the _____ and _____ of business transaction. ​

Answer 1

Accounting process begins with the classifying and identifying the transaction .

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Answer 2

Answer:It is clear from the definition that accounting is not only concerned with recording, classifying or summarizing the transactions but it is also plays an important role in providing appropriate information to the business for decision making.

Hence, the process of accounting starts with identification of transaction and ends with communication of information.

Explanation:

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