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Match the Basic Step in the Recording Process Described by Each

Question 206

Matching

Match the basic step in the recording process described by each of the following statements.

Premises:
Business documents are examined to determine the effects of transactions on the accounts.
This step is called posting.
This step is called journalizing
Responses:
Enter each transaction in a journal
Transfer journal information to ledger accounts
Analyze each transaction

Correct Answer:

Business documents are examined to determine the effects of transactions on the accounts.
This step is called posting.
This step is called journalizing
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