Systematically writing down the transactions and events in account books soon after their occurrence is known as _________.

classifying

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recording

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summarizing

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numbering

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Solution

The correct option is B recording
The recording is a function of bookkeeping.
All the business transaction which are of monetary value need to be recorded in the books of account in a chronological manner soon after its occurrence.
Generally, these transactions are recorded in the journal or subsidiary books

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Accounting records business transactions and events which are of a financial nature.Is this a limitation of accounting?

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