Accounting Activities

Question 1

what are daily activities?

Answer 1

tasks that are done almost everyday (ex. recording transactions)

Question 2

what are periodic activities?

Answer 2

tasks that are done in regular intervals - weekly, monthly, yearly, etc (ex. prepping balance sheets at the end of each month)

Question 3

what are miscellaneous activities?

Answer 3

accountants performing tasks they wouldn’t normally do (ex. hiring employees)