College Accounting, Chapters 1-15
College Accounting, Chapters 1-15
23rd Edition
ISBN: 9781337794763
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Chapter 1, Problem 2SEB

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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