One Way to Think of an Accounting Process Is as a Cycle.The

question 18

Multiple Choice

One way to think of an accounting process is as a cycle.The idea of a cycle reflects that ________.

• A)transactions have to undergo a series of procedures before being recorded in the accounts
• B)transactions are not complete until they are recorded
• C)there is a set of accounts that record transaction information from the same business process
• D)every business process results in the start of another process