Asked by Great Amazing on Jun 24, 2024
Verified
The recording process occurs
A) once a year.
B) once a month.
C) repeatedly during the accounting period.
D) infrequently - usually every two or three months.
Accounting Period
A specific period of time used by businesses for accounting purposes to prepare financial statements, commonly a year or a quarter.
- Examine the transaction for accurate recording in the accounting system.
- Comprehend the order of actions in the documentation procedure.
Verified Answer
ND
Nkule DlaminiJun 26, 2024
Final Answer :
C
Explanation :
The recording process in accounting occurs repeatedly during the accounting period to ensure that all financial transactions are accurately captured and recorded in a timely manner.
Learning Objectives
- Examine the transaction for accurate recording in the accounting system.
- Comprehend the order of actions in the documentation procedure.