Multiple Choice
The first step in the recording process is to
A) prepare financial statements.
B) analyze each transaction for its effect on the accounts.
C) post to a journal.
D) prepare a trial balance.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q143: After a transaction has been posted, the
Q144: After transaction information has been recorded in
Q145: If a revenue account is credited, the
Q146: The ledger accounts should be arranged in<br>A)chronological
Q147: The first step in posting involves<br>A)entering in
Q149: The usual sequence of steps in the
Q150: A trial balance would only help in
Q151: The explanation column of the general ledger<br>A)is
Q152: Revenues are a subdivision of retained earnings.
Q153: The complete effect of a transaction on