The accounting cycle begins by recording in the form of journal entries ........

General Accounting Principles Accounting cycles

Download Solution PDF

The accounting cycle begins by recording _____________ in the form of journal entries.

Business Transactions

Financial Information

Corporate Minutes

Business Contracts

छोटे Courses बड़े Results

Master Accounting cycles

Prepare through Micro-courses

Try Now

Explanation:

A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.