What Is the Last Step in the Journalizing Process

question 102

Multiple Choice

What is the last step in the journalizing process?

• A)Record the transaction in the journal.
• B)Post the journal entry 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:

Complaint

In legal contexts, the initial document filed by a plaintiff in a court to initiate a lawsuit, outlining the basis for the claim and the relief sought.

Witness Signature

A signature by an uninvolved party on a document, acknowledging they observed the signing process and verifying its authenticity.

Notary Public

A public officer authorized to witness the signing of important documents, administer oaths, and perform other administrative functions.

High School Teacher

An educator who instructs students in grades 9 through 12 in a variety of academic subjects.