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.
4. A long, narrow, or crested part of the body: the ridge of the nose. 5. The horizontal line formed by the juncture of two sloping planes, especially the line formed by the surfaces at the top of a roof.