 Hello, in this presentation, we will discuss the discussion question of explain the steps in processing transactions. We will consider the steps when recording journal entries and processing those journal entries. This is a common type of essay question. When we're thinking about journal entries and business transactions, remember that we're really thinking about all those types of things that happen throughout the normal accounting process throughout the normal business process, recording those transactions is the process that we are looking into that would then include things like making payments, receiving payments, issuing invoices, issuing bills, the payroll, all the stuff within the account department. We're looking at those steps for processing those business transactions, those normal transactions. One way we could approach a question like this, an essay question like this would be that we can list out the steps we can first