The "First' basic function of an "Accounting System" is to "Interpret & Record' Business Transactions?

Question

1. True

2. False

Sabir Hussain · Answer

First step in account system is to analyze the transaction and then record.

Interpretation is the last step.

The above mentioned statement is False

Ans False

Sayed Rubab Sayed · Answer

True................. Interpretation includes much information to sort out.

منصور سالمان · Answer

The OPTION NO 2 IS RIGHT ANSWER

Mohsin Patel · Answer

I agree with, Sabir. You analyse, record and then interprete any information.

Imdad Hussain Rajput · Answer

Yes True.............................................