Multiple Choice
What is one of the first steps in the journalizing process?
A) Identify the transaction from source documents and other information.
B) Post the transaction to the ledger.
C) Enter the transaction in the journal.
D) Determine what accounts will be affected and whether to debit or credit them.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: The ledger provides a good indication of
Q26: The accounting records are considered to be
Q27: In accounting, the process of posting involves
Q28: Accounting transactions are initially recorded in the:<br>A)poster.<br>B)ledger.<br>C)journal.<br>D)T-
Q29: An owner makes an investment of cash
Q31: Which of the following statements regarding accounts
Q32: All of the following accounts would be
Q33: Notes payable, accounts payable, taxes payable and
Q34: A trial balance has which of the
Q35: If the payment of a utilities bill