The record-analyze-summarize process is applied only to daily transactions,month-end adjustments need not be analyzed and summarized.

Name: The record-analyze-summarize process is applied only to daily transactions,month-end adjustments need not be analyzed and summarized.
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Question

Quizplus · Accepted Answer

The three-step analyze-record-summarize process is applied to daily transactions,as well as adjustments at the end of each month,before preparing a trial balance and the financial statements.

The Record-Analyze-Summarize Process Is Applied Only to Daily Transactions,month-End Adjustments