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Author Question: Which phase of the accounting process involves recognizing the effect of transactions on assets, ... (Read 58 times)

LCritchfi

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on: Jul 5, 2018
Which phase of the accounting process involves recognizing the effect of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business?
 a. input
   b. processing
   c. output
   d. summarizing

Question 2

As ABC systems get very detailed and more cost pools are created, more allocations are necessary to calculate activity costs for each cost pool, which increases the chances of misidentifying the costs of different activity cost pools.
 
  Indicate whether this statement is true or false.


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aham8f

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer: TRUE


LCritchfi

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Reply #2 on: Jul 5, 2018
Correct answers!


aham8f

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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