The Usual Sequence of Steps in the Transaction Recording Process

question 95

Multiple Choice

The usual sequence of steps in the transaction recording process is

• A)journalize, analyze, post to the ledger.
• B)analyze, journalize, post to the ledger.
• C)journalize, post to the ledger, analyze.
• D)post to the ledger, journalize, analyze.

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Inborn Potential

The inherent capacity or natural ability present from birth that can develop into talents or skills with encouragement and practice.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, the highest level in Maslow's hierarchy of needs.