Multiple Choice
Which of the following represents the correct flow of accounting data?
A) transactions occur; transactions are analyzed; transactions are journalized and posted; source documents are prepared
B) transactions occur; source documents are prepared; transactions are journalized and posted;
C) transactions occur; source documents are prepared; transactions are analyzed; transactions are journalized and posted
D) source documents are prepared; transactions occur; transactions are analyzed; transactions are journalized and posted
Correct Answer:
Verified
Correct Answer:
Verified
Q75: For Owner,Capital,the category of account and its
Q76: After posting the journal entries from the
Q77: List the five steps of the journalizing
Q78: A trial balance is a list of
Q79: A payment of an expense in advance
Q81: The first step in the journalizing and
Q82: A liability account is increased by a
Q83: A business makes a cash payment of
Q84: Companies use a ledger to show all
Q85: Which one of the following account groups