The Second Step in Analyzing a Transaction Is to Determine

question 140

Multiple Choice

The second step in analyzing a transaction is to determine:

• A)if the account balance will increase or decrease.
• B)the accounts that are involved.
• C)the type of accounts that are involved.
• D)which accounts are to be debited and credited.

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Definitions:

Administrative Assistant

A professional responsible for managing the day-to-day administrative and organizational tasks in an office or for a senior staff member.

Reaction Time

The amount of time it takes to respond to a stimulus.

Verbal Skills

The ability to communicate effectively using language, including both the spoken and written word.

Intellectual Disability

A term for significant limitations in intellectual functioning and adaptive behavior, affecting everyday social and practical skills.