Question

What is Accounting process​

Answer 1

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Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

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Answer 2

Answer:

★Answer★

→ The accounting process is a series of activities that beings with a transaction and ends with closing of a the books.Because this process is repeated each reporting period,it is referred to as the accounting cycle and includes these major step: Identify the transaction or other recognizable event.

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