Bookkeeping

Question 1

What is the accounting cycle?

Answer 1

Transaction>Record>

Summarize>Financial Report>

Question 2

How do you learn the language of business?

Answer 2

Practice

Question 3

What is bookkeeping?

Answer 3

The routine, systematic method of accumulating, analyzing, inputting, and summarizing financial information.

Question 4

What is a transaction?

Answer 4

A business exchanges something and gets something in return.