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  3. Study Set
    Contemporary Business Study Set 2
  4. Exam
    Exam 15: Understanding Accounting and Financial Statements
  5. Question
    The Procedure Used by Accountants to Convert Transactions into Financial
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The Procedure Used by Accountants to Convert Transactions into Financial

Question 1

Question 1

Multiple Choice

The procedure used by accountants to convert transactions into financial statements is called ______.


A) the accounting cycle
B) processing financial information
C) recording financial information
D) summarizing financial information

Correct Answer:

verifed

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