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:

Memory Errors

Mistakes or inaccuracies in the recall or recognition of information from memory, including forgetting, distortions, or fabrications.

Stimulants

Substances that increase activity in the central nervous system or the sympathetic nervous system, leading to increased alertness and physical activity.

Long-Term Memories

Memories that can be retained for extended periods, ranging from days to decades.

Depressant Drugs

Substances that reduce the activity of the central nervous system, leading to effects such as relaxation, reduced anxiety, and sleepiness.