The first step in the journalizing and posting process is to:
A)post the accounts to the ledger.
B)identify each account involved and its type.
C)determine whether each account is increased or decreased.
D)record the transaction in the journal, including a brief explanation.

Question

Quizplus · Accepted Answer

The first step in the journalizing and posting process is to identify each account involved and its type to understand how the transaction will affect the accounts.

The First Step in the Journalizing and Posting Process Is