The final step in the recording process is to
A) analyze each transaction.
B) enter the transaction in a journal.
C) prepare a trial balance.
D) transfer journal information to ledger accounts.
Correct Answer:
Verified
Q133: If a revenue account is credited, the
Q134: A journal is also known as a
Q135: An account consists of
A)one part.
B)two parts.
C)three parts.
D)four
Q136: A debit is not the normal balance
Q137: TransAm Mail Service purchased equipment for $2,500.TransAm
Q139: The name given to entering transaction data
Q140: The first step in posting involves
A)entering in
Q141: An account is an individual accounting record
Q142: European companies rely
A)less on historical cost and
Q143: The normal balance of all accounts is
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