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 the expense in the accounting records, which is a key part of the accounting cycle.