Answered: The process of formally recording and…

The process of formally recording and recognizing a financial transaction in the accounting records is known as:a) Reportingb) Analyzingc) Postingd) Auditing

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 9RQSC

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Question

The process of formally recording and recognizing a financial transaction in the accounting records is known as:
a) Reporting
b) Analyzing
c) Posting
d) Auditing

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