Multiple Choice
After a business transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to
A) the trial balance.
B) owner's equity.
C) ledger accounts.
D) the journal.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: When three or more accounts are required
Q7: Transactions are entered in the trial balance
Q8: Listed below are the transactions for August
Q10: After a transaction has been posted, the
Q12: For transactions to be recorded correctly, debits
Q13: Basic transaction analysis is<br>A) reflected in the
Q14: All business transactions must have a corresponding
Q15: A chart of accounts does NOT include<br>A)
Q16: Preparing the trial balance is the first
Q169: An account consists of<br>A) a title a