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 used to evaluate an individual's ability to recall or recognize specific information.

Group Identity

The sense of belonging and identification that individuals feel with a particular group, shaped by the group’s norms, values, and characteristics.

False News

Information that is fabricated or misrepresented with the intent to deceive or mislead.

Repetition

The act or process of repeating something, often used as a method of learning or emphasizing.