Angelamelgar185idn
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expalin the three process of accounting identifying, recording, communicating​

Sagot :

Psyquellllidn

Answer:

COMMUNICATING-Communication is the core activity of the accounting profession, transmitting information from one person to another, from one organisation to another – or a combination of both – and to the shareholders and other stakeholders of the organisation.

IDENTIFYING-Specific identification accounting is a method to find out inventory costs. The method is based on the movement of specific, identifiable inventory items in an out of stock. When individual items can be clearly identified with a serial number, stamped receipt date or RFID tag, this method is applicable.

RECORDING-Recording is a basic phase of accounting that is also known as bookkeeping. In this phase, all financial transactions are recorded in a systematical and chronological manner in the appropriate books or databases. Accounting recorders are the documents and books involved in preparing financial statements.

Step-by-step explanation:

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