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:

Memory Test

An assessment method designed to evaluate an individual's ability to recall or recognize information.

College Students

Individuals enrolled in higher education institutions pursuing undergraduate, postgraduate, or professional degrees.

Longitudinal

Pertaining to research or studies that follow subjects over a period of time to observe changes or developments.

Same Group

A collection of individuals or items that are considered together because of shared characteristics or a common purpose.