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    Intermediate Accounting Study Set 5
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    Exam 2: A Review of the Accounting Cycle
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    The Debit and Credit Analysis of a Transaction Normally Takes
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The Debit and Credit Analysis of a Transaction Normally Takes

Question 32

Question 32

Multiple Choice

The debit and credit analysis of a transaction normally takes place when the


A) entry is posted to a subsidiary ledger.
B) entry is recorded in a journal.
C) trial balance is prepared.
D) financial statements are prepared.

Correct Answer:

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