Which of the Following Is the Order of Steps to Journalize

question 5

Multiple Choice

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

• A) Identify the accounts and the account type → Decide whether each account increases or decreases, then apply the rules of debits and credits → Record the transaction
• B) Identify the accounts and the account type → Record the transaction → Decide whether each account increases or decreases, then apply the rules of debits and credits
• C) Record the transaction → Identify the accounts and the account type → Decide whether each account increases or decreases, then apply the rules of debits and credits
• D) Decide whether each account increases or decreases, then apply the rules of debits and credits → Identify the accounts and the account type → Record the transaction

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Definitions:

Retrograde Amnesia

A loss of memory-access to events that occurred or information that was learned before an injury or the onset of a disease.

Neural Circuits

Networks of neurons interconnected to regulate bodily or psychological functions through the transmission of electrical and chemical signals.

Memory

Memory is the faculty by which the mind stores and remembers information.

Procedure

A specified series of actions or operations conducted to achieve a certain result or perform a task.