The First Step of Journalizing an Entry Is To

question 1

Multiple Choice

The first step of journalizing an entry is to:

• A) post the accounts to the ledger.
• B) identify each account affected and its type.
• C) determine whether each account is increased or decreased.
• D) record the transaction in the journal, including a brief explanation.

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Definitions:

Normative Transition

Socially expected changes made by all or most members of a defined population.

Maturation

The process of development in which an individual matures or reaches a full or advanced stage of physical and emotional growth.

Birth Cohort

A group of people who were born during the same period of one or several years and who are, therefore, all exposed to particular historical events at approximately the same age.

Fixed Ratio

In operant conditioning, a schedule of reinforcement where a response is rewarded after a set number of responses.