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:

Major

The term usually refers to the most abundant or significant product, component, or outcome in a chemical reaction or process.

Structure

The arrangement or organization of something, particularly atoms in molecules or compounds in chemistry.

Reaction

The process by which one or more substances are transformed into different substances with distinct physical and chemical properties.

Organic Product(s)

Chemical compounds consisting of carbon that are produced as the outcomes of organic reactions.