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.
Definition of nose for Students. 1  1 : the part of the face or head that contains the nostrils. 2  2 : the sense or organ of smell Most dogs have a good nose. 3  3 : the front end or part of something the nose of an airplane. 4  4 : an ability to discover She's got a nose for news.