Question: It is critical to process transactions on the correct date. When should the transaction be recorded? 1 . the date the risk is transferred. 2

It is critical to process transactions on the correct date. When should the transaction be recorded?
1.
the date the risk is transferred.
2.
the date the transaction takes place.
3.
the date the transaction is captured.
4.
the date the transaction is recorded in the relevant journal

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