The starting point of the accounting process is
A) communicating information to users.
B) identifying economic events.
C) recording economic events.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

The accounting process begins with identifying economic events, such as the sale of a product or the receipt of payment for services rendered. This is necessary in order to accurately record and communicate financial information to users.

The Starting Point of the Accounting Process Is