Solved

Match Each of the Following Statements by the Basic

Question 207

Matching

Match each of the following statements by the basic step in the recording process described.

Premises:
This step is called posting.
Business documents are examined to determine the effects of transactions on the accounts.
This step is called journalizing.
Responses:
Analyze each transaction
Enter each transaction in a journal
Transfer journal information to ledger accounts

Correct Answer:

This step is called posting.
Business documents are examined to determine the effects of transactions on the accounts.
This step is called journalizing.
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