Which of the Following Is Not a Step in the Accounting

question 88

Multiple Choice

Which of the following is not a step in the accounting process?

• A)Record relevant transactions and events in a journal.
• B)Post journal information to the ledger accounts.
• C)Prepare and analyze the trial balance and financial statements.
• D)Analyzing each transaction using the accounting equation.
• E)Verify that revenues and expenses are equal.

---

Definitions:

Negotiable Amount

A sum of money whose value can be altered or negotiated, often in the context of financial instruments or payments.

Drawee

The entity, usually a bank, upon which a check or draft is drawn and is responsible for paying the specified amount.

Routing Symbol

A code or number used to identify the destination or pathway for data packets within a network.

Written As

Expressed or documented in a specific manner.