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Accounting Fundamentals

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Questions and Answers

Which step comes after 'The Journal' in the recording process?

The Ledger (correct)

Posting

Debits and Credits

Prepare Trial balance

In the recording process, what is the purpose of 'Posting'?

Transferring information from the journal to the ledger (correct)

Preparing trial balance

Analyzing debits and credits

Adjusting entries

Which step in the recording process involves checking the equality of debits and credits?

The Accounts

The Ledger

Adjustments

Prepare Trial balance (correct)

Accounting Fundamentals

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Podcast

Questions and Answers

Which step comes after 'The Journal' in the recording process?

In the recording process, what is the purpose of 'Posting'?

Which step in the recording process involves checking the equality of debits and credits?

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