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