What Is the Correct Order in Which the Steps for Analysing

question 5

Multiple Choice

What is the correct order in which the steps for analysing transactions are carried out?
I Determine which accounts are affected.
Ii Determine if the account type is increasing or decreasing.
Iii Apply the rules of debit and credit.
Iv Determine the account type.

• A) i, iv, ii, iii
• B) i, ii, iii, iv
• C) iv, ii, i, iii
• D) i, ii, iv, iii

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Definitions:

Pessimistic Style

A cognitive approach that anticipates negative outcomes as the most likely result, focusing on potential problems and failures.

Hardiness

The personal quality of being able to endure difficult conditions and stress without becoming distressed.

Hardiness

A personality trait characterized by resilience and the ability to endure stressful situations.

Consideration

The act of thinking carefully about something, especially when making decisions or forming opinions.