What are the fundamentals of the accounting process?
A) Journals and ledgers
B) The accounting equation and the double-entry bookkeeping system
C) The accounting equation and the accounting cycle
D) Double-entry bookkeeping and the accounting cycle
E) Ledgers and financial statements

Question

Quizplus · Accepted Answer

The fundamentals of the accounting process are the accounting equation and the double-entry bookkeeping system.

What Are the Fundamentals of the Accounting Process