As a first step in the accounting cycle,_________ involves the recording of business transactions.
A)Marketing
B)Bookkeeping
C)Auditing
D)Economics

Question

Quizplus · Accepted Answer

Bookkeeping is the first step in the accounting cycle and involves the recording of business transactions. Marketing and economics are not part of the accounting cycle, and auditing comes later in the cycle.

As a First Step in the Accounting Cycle,_________ Involves the Recording