Sha Akkash (Performer)
List of Contributed Questions (Sorted by Newest to Oldest)
List of Contributed Answer(s) (Sorted by Newest to Oldest)
Answer # 1 #
Recording ensures that every financial transaction has a written proof in the accounts. It is the first step in the accounting cycle, before classification and summarization into ledgers and financial statements.
Answered for the Question: "What is the meaning of recording in terms of money?"