posing the best answer forbeing an identifying,ctivity.ItemsActivitiesrices and quantities, for the company's recordkeeper. Knowledge Check 01Identify the type of activity by choosing the best answer foreach question.Select each item listed below as being an identifying,recording, or a communicating activity.ItemsPreparing and entering a list of checks issued.Using a cash register to enter sales.Entering a list of the sales invoices, including the prices and quantities, for the company's recordkeInterpreting information from financial reports.Preparing financial statements for creditors.

Answered: Identify the type of activity by…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 3CE

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posing the best answer for
being an identifying,
ctivity.
Items
Activities
rices and quantities, for the company's recordkeeper.

Expert Solution

Step 1

Introduction:-

first we need to understand the following basic terms as follows under:-

Identifying:-Identification of business transactions in monetary nature.
Recording :- Recording of financial transactions in the books of accounts.
Communicating:- It is the final stage of accounting. In this stage communication of financial statements (results) to various users.

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