What Is the Last Step in the Journalizing Process

question 190

Multiple Choice

What is the last step in the journalizing process?

• A)Record the transaction in the journal.
• B)Post the transaction to the ledger.
• C)Determine whether each account is increased or decreased by the transaction.
• D)Specify each account affected by the transaction and classify each account by type.

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Definitions:

Irrational Beliefs

Ideas or thoughts that are not based on reality or logical reasoning, often leading to negative emotional outcomes.

Approach-Approach

A conflict situation where a person must choose between two desirable options.

Inner Conflict

Conflict within an individual; it might involve values, loyalties, or priorities; the pressure you feel when you are forced to make a choice.

Hardy Personality

A resilient personality type, characterized by the ability to meet challenges, a sense of commitment, and a feeling of being in control of life.