The Proper Sequence Used in Recording a Business Transaction Is

question 21

Multiple Choice

The proper sequence used in recording a business transaction is:

• A) analyze, post, journalize, post the account balance, and complete the reference column in the journal.
• B) analyze, journalize, post, record the account balance, and complete the reference column in the journal.
• C) analyze, journalize, post, complete the reference column in the journal, and record the account balance.
• D) journalize, analyze, post, post the account balance, and complete the reference column in the journal.

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Definitions:

Promote

To support or actively encourage the progress, growth, or acceptance of something.

Demote

In organizational terms, to reduce someone's rank or position; in software or digital content creation, it refers to decreasing the importance or level of an item in a hierarchical structure.

Database Objects

Components such as tables, queries, forms, and reports used in databases to store, retrieve, and present data.

Text Data

Data that is represented in the form of words, sentences, or paragraphs, as opposed to numerical or binary data.