The step of the accounting cycle that is done continuously throughout the accounting period is:
1. **Recording Transactions**: This step involves recording all financial transactions as they occur, not just at the end of the accounting period. For example, when a company makes a sale, purchases inventory, or incurs expenses, these transactions are recorded immediately to keep the accounting records up to date.
Continuous recording of transactions ensures that the financial information is accurate and reflects the current state of the business. It also helps in generating timely financial reports for decision-making purposes.
In conclusion, the continuous step of recording transactions is vital in maintaining accurate and up-to-date financial records throughout the accounting cycle.
