Question
The accounting cycle involves what activity?
Recording the transactions of a business
Revisiting the transactions of a business
Exploring the transactions of a business
Adding the transactions of a business
Recording the transactions of a business
Revisiting the transactions of a business
Exploring the transactions of a business
Adding the transactions of a business
Answers
GPT-4o mini
The accounting cycle primarily involves **recording the transactions of a business**. This process includes several steps, such as journalizing, posting to the ledger, preparing trial balances, adjusting entries, and creating financial statements.