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The Second Step in the Analytical Phase of Accounting Is

Question 3

Multiple Choice

The second step in the analytical phase of accounting is


A) to determine whether there is an increase or a decrease in the accounts.
B) to determine which accounts are involved.
C) to formulate the entry as a debit to one account and as a credit to another account.
D) to identify the classification of the accounts involved.
E) none of these.

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