Multiple Choice
What is the correct order in which the steps for analysing transactions are carried out?
I Determine which accounts are affected.
Ii Determine if the account type is increasing or decreasing.
Iii Apply the rules of debit and credit.
Iv Determine the account type.
A) i, iv, ii, iii
B) i, ii, iii, iv
C) iv, ii, i, iii
D) i, ii, iv, iii
Correct Answer:

Verified
Correct Answer:
Verified
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