Question

What is an example of a transaction that would be a step in an accounting cycle?

(1 point)
Responses

tracking employee’s sick days

tracking employee’s sick days

paying for employee training seminars

paying for employee training seminars

determining product efficiency

determining product efficiency

deciding which website host to use

Answer 1

An example of a transaction that would be a step in an accounting cycle is **paying for employee training seminars**. This transaction would involve recording an expense in the accounting records, which is a routine part of the accounting cycle.