What Is the First Step to Be Performed by Most

question 42

Multiple Choice

What is the first step to be performed by most organizations in their accounting cycles?

• A)Recording business transactions in a journal
• B)Preparing a trial balance
• C)Recording closing entries in a journal
• D)Preparing transaction source documents
• E)none of the above

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Definitions:

Recount

The process of counting votes again, usually in circumstances where the results are disputed or the margin of victory is very small.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, significant for his turbulent presidency and impeachment after the American Civil War.

Bill Clinton

The 42nd President of the United States who served from 1993 to 2001.