Multiple Choice
The first step of journalising an entry is to:
A) identify the transaction from source documents.
B) post the accounts to the ledger.
C) determine whether each account is increased or decreased.
D) record the transaction in the journal,including a brief explanation.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Which of the following accounts is a
Q36: Which of the following accounts is an
Q37: Which of the following journal entries
Q38: Which of the following statements CORRECTLY describes
Q39: A business buys $500 in supplies on
Q41: A business makes a cash payment for
Q42: A business pays $500 cash for supplies.Which
Q43: Which of the following is the order
Q44: The following transactions have been journalised and
Q45: Journalising a transaction means:<br>A)recording the transaction,including a