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:

Customer Acquisition

The process of bringing new customers to a business through various marketing and outreach strategies.

Operational CRM

Refers to the components of CRM (Customer Relationship Management) that deal with direct interactions with customers, including service, support, and sales automation.

Front-Office

The part of a company or organization that deals with customers or clients directly, including the departments like sales, marketing, and customer service.

Directly Interact

Refers to a method of communication or interaction without any intermediaries, allowing for immediate and direct response.