The process that begins with recording business transactions and includes the completion of the financial statements is the
A) calendar year.
B) natural business year.
C) fiscal year.
D) accounting cycle.

Question

Quizplus · Accepted Answer

The accounting cycle is the process that begins with recording business transactions and ends with the completion of the financial statements. The other options (A, B, and C) refer to different time periods but do not describe the process of recording and reporting business transactions.

The Process That Begins with Recording Business Transactions and Includes