Question

All accounting systems ______. (Select all that apply.) Multiple select question. record and summarize financial effects of transactions are Excel spreadsheets combine beginning balances with the activity during the accounting cycle to yield the ending balances for each account. follow the accounting cycle must be computerized

Answer 1

it should be noted that all accounting systems should be;

• record and summarize financial effects of transactions.

• follow the accounting cycle.

• combine beginning balances with the activity during the accounting cycle to yield the ending balances for each account

What is an accounting systems?

An accounting system  can be regarded as accounting processes  that posses some integrated procedures .

Therefore, accounting systems helps in recording business transactions.

Learn more about accounting systems at;

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