Multiple Choice
Which of the following is the last step of journalising an entry?
A) Record the transaction in the journal, including a brief explanation.
B) Identify each account affected and its type.
C) Determine whether each account has increased or decreased.
D) Post the accounts to the ledger.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: The owner's equity account is increased by
Q9: A business purchases equipment for cash in
Q12: Which of the following accounts is a
Q14: A business purchases equipment for cash in
Q16: The accounting process of copying a transaction
Q17: A listing of all account titles in
Q18: Which of the following statements about revenue
Q64: When a business records revenue earned,the revenue
Q79: Which of the following is NOT part
Q142: Debit refers to the right side of