Which of the Following Is the Order of Steps to Journalize

question 138

Multiple Choice

Which of the following is the order of steps to journalize an entry?

• A) Identify each account affected, determine increase or decrease in each account, record the transaction.
• B) Identify each account affected, record the transaction, determine increase or decrease in each account.
• C) Record the transaction, identify each account affected, determine increase or decrease in each account.
• D) Determine increase or decrease in each account, identify each account affected, record the transaction.

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Definitions:

Bureaucracy

An administrative system, especially in a government, characterized by hierarchy, fixed rules, and a detailed division of labor.

Norms

Socially accepted rules or standards of behavior that guide individuals' actions in a group.

Culture

The shared values, beliefs, norms, practices, and customs of a group of people that shape their behavior and interactions.

Behavior

The observable actions and reactions of individuals or groups in a particular context or environment.