Question

Define processing of accounting ?

Answer 1

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Here your answer ⤵

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Answer:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

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BRAINLIEST❤

Answer 2

Answer:

accounting

Explanation:

1.The first transaction type is to ensure that reversing entries from the previous period have, in fact, been reversed.

2.The second group is comprised of the steps needed to record individual business transactions in the accounting records.

3.The third group is the period-end processing required to close the books and produce financial statements

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