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:

Visuals and Data Displays

The use of graphical elements such as charts, graphs, and images to present data and information clearly and effectively.

Final Presentation

The last detailed display or demonstration of a project's outcomes before an audience, usually marking the conclusion of a project.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Visuals and Data Displays

Graphics, charts, maps, and other visual aids that represent information or data in an easily interpretable form.