Question

-----------------involves the balancing of ledger accounts and preparation of trial balance with the help of such balances.

(a) Classifying                               (b)Recording

(c) Summarising                                                            (d)Interpreting​

Answer 1

Answer:

classifying

Explanation:

maybe ..

Answer 2

(b) Recording involves the balancing of ledger accounts and preparation of trial balances with the help of such balances.

Accounting steps-

• The step recording of transactions is a basic process of accounting. The entries related to the transaction are made.
• First, journal entries are passed where the respective accounts are debited and credited.
• Later ledger accounts are made and closed by looking at the journal entries.
• The ledger accounts need to be balanced at the end of the recording process.
• Once, that is done the ledger accounts are used to make the trial balance which shows the assets, liabilities, income, and expenses of any given firm.
• All of these steps where entries are recorded, ledger accounts are balanced, and trial balance is prepared come under the process of recording.
• The processes of a) Classifying and d) Interpreting come under the auditing process which is the last of all the processes.

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