Accounting Cycle : Accounting cycle refers to the process of recording a business transaction in the books of accounts. This cycle concludes when the financial statements are prepared. The Recording Process: The recording process of any accounting transaction starts with analyzing the transaction, Journalizing the transaction, and Posting them into the relevant account. To Describe: The meaning of posting, the fourth step in the processing cycle.

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Chapter 2, Problem 2.9Q

To determine

Accounting Cycle:

Accounting cycle refers to the process of recording a business transaction in the books of accounts. This cycle concludes when the financial statements are prepared.

The Recording Process:

The recording process of any accounting transaction starts with analyzing the transaction,

Journalizing the transaction, and Posting them into the relevant account.

To Describe: The meaning of posting, the fourth step in the processing cycle.

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