What Is the First Step in the Journalizing Process

question 63

Multiple Choice

What is the first step in the journalizing process?

• A) Enter the transaction in the journal.
• B) Identify the transaction from source documents and other information.
• C) Post the transaction to the ledger.
• D) Determine what accounts will be affected and whether to debit or credit them.

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Definitions:

Threatening

Expressing an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Direct Strategy

A communication approach that involves stating the main idea or purpose at the beginning, followed by supporting details.

Bad News

Information that is unwelcome, disappointing, or upsetting to the receiver.

Direct Strategy

A communication approach that involves straightforwardly presenting the main idea or request at the beginning of the message.