Which of the Following Is the First Step in the Accounting

question 2

Multiple Choice

Which of the following is the first step in the accounting cycle?

• A)Recognize that a transaction has occurred
• B)Prepare a source document
• C)Prepare a chart of accounts
• D)Journalize a transaction

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Definitions:

Medication

Substances used to treat or prevent disease or relieve pain, often prescribed by healthcare professionals.

Depression

A mental health disorder marked by persistent sadness, loss of interest in activities, and a range of physical and cognitive symptoms.

Side Effects

Unintended reactions or responses to a medication or treatment, which can range from mild to severe and may affect how the treatment is administered.

Electroconvulsive Therapy

A medical treatment involving the application of brief electrical currents to the brain, used primarily to treat severe depressive and psychotic disorders.