The First Step in the Recording Process Is to

question 66

Multiple Choice

The first step in the recording process is to

• A) prepare financial statements.
• B) analyze each transaction for its effect on the accounts.
• C) post to a journal.
• D) prepare a trial balance.

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Definitions:

Ecology

The branch of biology that deals with the relationships of organisms to one another and to their physical surroundings.

Connections

The relationships or links between people, places, devices, or concepts that allow for communication, interaction, or transfer of information.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Submarine

A watercraft capable of independent operation underwater, often used for naval or research purposes.