Multiple Choice
The usual sequence of steps in the recording process is to analyze each transaction enter the transaction in the
A) journal and transfer the information to the ledger accounts.
B) ledger and transfer the information to the journal.
C) book of accounts and transfer the information to the journal.
D) book of original entry and transfer the information to the journal.
Correct Answer:
Verified
Correct Answer:
Verified
Q76: A simple journal entry requires only one
Q77: A chart of accounts usually starts with<br>A)
Q78: The chart of accounts used by Notwist
Q79: The procedure of transferring journal entries to
Q80: Transactions are recorded in alphabetic order in
Q82: Debits<br>A) decrease both assets and liabilities.<br>B) decrease
Q83: A numbering system for a chart of
Q84: Which of the following are the same
Q85: Another name for a journal is<br>A) listing.<br>B)
Q86: Journalize the following business transactions in general