The First Step in Recording a Transaction in the Journal

question 172

Multiple Choice

The first step in recording a transaction in the journal is:

• A)determining whether each account is increased or decreased by the transaction.
• B)copying the information from the journal to the ledger.
• C)entering the debit side of the journal entry on the left margin and the credit side,which is indented to the right.
• D)specifying each account affected by the transaction and classifying the account by type.

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Definitions:

Fungi

A kingdom of organisms that includes yeasts, molds, and mushrooms, some of which have important ecological or medical roles.

Hygiene Practices

Routine behaviors aimed at maintaining cleanliness and preventing the spread of disease, such as handwashing and sanitization.

Diabetes

A metabolic disease characterized by high blood sugar levels over a prolonged period due to insulin resistance or inadequate insulin production.

Halitosis

A medical term for bad breath, often resulting from poor dental hygiene, but it can also indicate deeper health issues.