Multiple Choice
Which of the following list of events properly reflects the early steps taken in the accounting process?
A) Record relevant transactions,Post journal information to ledger accounts Analyze each transaction,Prepare and analyze the trial balance
B) Post journal information to ledger accounts,Analyze each transaction,Post journal information to ledger accounts,Prepare and analyze the trial balance
C) Prepare and analyze the trial balance,Analyze each transaction,Post journal information to ledger accounts,Record relevant transactions
D) Analyze each transaction,Post journal information to ledger accounts,Record relevant transactions,Prepare and analyze the trial balance
E) Analyze each transaction,Record relevant transactions,Post journal information to ledger accounts,Prepare and analyze the trial balance
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Accounts are normally decreased by debits.
Q38: Preparation of a trial balance is the
Q111: Credits always increase account balances.
Q147: According to the seller,a customer's promise to
Q150: A _ is a record containing all
Q159: A column in journals and ledger accounts
Q220: A company failed to post a $50
Q224: David Roberts is a real estate
Q227: A collection of all accounts (with account
Q233: The four categories of equity accounts are