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ACCOUNTING PROCESS Match the following steps of the accounting process with their definitions. Analyzing a. Telling the results Recording b. Looking at events that have taken place and thinking about how they affect the business Classifying Summarizing c. Deciding the importance of the various reports Reporting d. Aggregating many similar events to provide information that is easy to understand Interpreting e. Sorting and grouping like items together f. Entering financial information into the accounting system

BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

Solutions

Chapter
Section
Chapter 1, Problem 2SEB
Textbook Problem

ACCOUNTING PROCESS Match the following steps of the accounting process with their definitions.

Analyzing    a. Telling the results

Recording    b. Looking at events that have taken place and thinking about how they affect the business

Classifying   

Summarizing    c. Deciding the importance of the various reports

Reporting    d. Aggregating many similar events to provide information that is easy to understand

Interpreting    e. Sorting and grouping like items together

    f. Entering financial information into the accounting system

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