The first step in the recording process in a computerized environment is to
A) prepare financial statements.
B) analyze the transaction in terms of its effect on the accounts.
C) post to a journal.
D) prepare a trial balance.

Question

Quizplus · Accepted Answer

The first step in the recording process, whether in a manual or computerized accounting system, involves analyzing each transaction to determine its effect on the accounts. This analysis is crucial for correctly recording the transaction in the appropriate accounts.

The First Step in the Recording Process in a Computerized