Recording business transactions is a multi-step process. The first step in recording business transactions is to examine the transaction and decide what accounts will be affected. The second step in recording business transactions is to decide what account will be debited and what account will be credited. The third step in recording business transactions is to actually document the transaction in a journal.
snout. 1  the projecting nose and jaws, or muzzle, of an animal. 2  a projecting part. 3  Informal a large nose.
nose. 1. the part of the face that contains the nostrils and organs of smell and that functions as a passageway for air in respiration. 2. this part as the organ of smell. 3. the sense of smell. 4. the snout, muzzle, or proboscis of an animal.