The usual sequence of steps in the transaction recording process is: journal ledger → analyze. analyze – journal ledger. journal analyze ledger. O ledger journal analyze.

Q: Post these transactions into ledger.

A: Ledger account: It is used to record the business transactions that were made during a financial…

Q: Attributes about an entity- Select one. O a. Database O b. Record O c. Field O d. File

A: Attributes about an entity are fields.

Q: Normally revenue is recognized when:

A: Answer

Q: Classify and fill which type of journal does the transaction matches.

A: Introductions: Journals: Recording of a business transactions in a chronological order. First step…

Q: Record (in the T-shape) and journalize (on the Ledger):

A: Journal Entries in the Books of Alfa Inc.   Date Particulars Dr Cr         March,28,2021…

Q: Create a Closing Ledger

A: Closing entry means the entries passed at the end of specified period where all the balances of…

Q: is the target of data flow. Select one: O a. Destination O b. Pass O c. Source O d. Stores

A: Which is the target of data flow as follows:-

Q: The subsidiary ledger that includes customer account activity is called the a. asset ledger b.…

A: Under subsidiary ledger, all activities related to customer is recorded.

Q: ould appear in an REA diagram as an example of which kind of entity? a.... Description

A: Account Receivable is a Current Asset account. When credit sales are made, Sales revenue is credited…

Q: Write up a transaction analysis chart from the given transaction.

A: The Accounting equation is a statement that shows the equality between the resources and the…

Q: Discuss the trade-off in choosing to update the general ledger accounts in real time.

A: Real Time versus Batch Processing: Real time processing refers to the changes that are updated in…

Q: 1. Post the above transactions to T-accounts.

A: Required to fill the journal entries in various accounts

Q: Journalize

A: Journal entries of the Nour ceramic as under.

Q: Categories each transaction using the correct account name

A: Introduction: Classification of account If we want to transfer the journal into ledgers then we…

Q: Describe the purpose of caash receipts journal.

A: The cash receipts journal is a special section of the general journal specifically used to record…

Q: The Journal: a. Lists every journal entry made only through the onscreen journal b. Is also called…

A: A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Q: Post the transactions to T-accounts

A: T-accounts is the set of record to present the transactions of the company

Q: jorunalize the transactions

A: Journal entries recording is the first step in accounting cycle process, in which atleast one…

Q: What can you do to ensure that all payments are accurately coded and allocated to accounts?

A: SOLUTION- Coding in accounting is the process of assigning numbers or letters to data to create a…

Q: journalise the transaction

A: Promissory notes are instruments designed where the maker of the note (payer) makes a promise to pay…

Q: In a computer system, how are accounting records posted?a. master file is updated to a transaction…

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: The payables clerk obtains and matches the purchase order, receiving report, and vendor's invoice…

A: Clerk: A clerk refers to an individual who is an employee of a company or a bank and is responsible…

Q: Differentiate general journal from a ledger. 2. Is every transaction posted immediately to the…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: Use the information from the T account to journalize the transaction from the vendors perspective.

A: Journal means the book of prime entry where all entries are recorded in different pages. Journal…

Q: Create a Ledger.

A: Ledger is a principal book that contains all the accounts such as Assets Accounts, Liabilities…

Q: If the company has a multiple trasactions, what ledger should you post the trasaction?

A: Financial accounting involves recording of financial transactions of a firm during the accounting…

Q: dger turo

A: Explanation of Concept Ledger Posting : is the step in the process of preparing the books accounts…

Q: Example of posting reversing entries in the ledger.

A: On the first day of a new accounting period, reversing entries are made to reverse accrual adjusting…

Q: Prepare Journal Entries to record transaction A-F

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: A1  which of the following actions update/ record is: a master file, transactions file, special…

A: Companies generally post to: the subsidiary accounts on a daily basis if the transaction is related…

Q: e journal entry to record this transaction

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: create a ledger

A: Bank statement: The bank passbook is only a copy of the customer's accounts in the books of bank.…

Q: can u please make transaction summary table, general journal, general ledger and unadjusted trial…

A: Financial statements consists of the following:- Statement of Financial position; Income Statement;…

Q: Transaction analysis for each letter

A: Transaction Analysis Transaction analysis which describes as detailed analysis of the transactions…

Q: One business activity data have been entered in to the system, they must be to keep the database…

A: Once business activity data has been entered into the system, they must be data processed to keep…

Q: Posting: transfers ledger transaction data to the journal. а. normally occurs before journalizing.…

A: Journal entry: It can be defined as the recording of financial events and transactions that have…

Q: Explain the purpose of a journal and its relationship to the ledger.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: A T-account is * a way of depicting the basic form of an account. what the computer uses to organize…

A: T account is representation of induvial accounts having credit or debit transactions. It depicts the…

Q: Write down the Types of a transaction according to the Following: Application Structures Action

A: Types of transaction - 1)Based on application  a) non distributed vs distributed transactions b)…

Q: What is ledger account? Explain using illustrations.

A: There are many accounting journals maintained in a business to record all the transactions done in a…

Q: Which task should the general ledger perform?a. update the general ledgerb. prepare journal…

A: General Ledger: General ledger records the summary of individual events from special journal and…

Q: QUESTION 2 Posting: transfers journal entries to ledger accounts. O a. transfers ledger transaction…

A: Accounting process: A process that starts with identifying the transactions or events and ends with…

Q: which of the following actions update/ record is: a master file, transactions file, special journal,…

A: Transaction- A business transaction, also known as a financial transaction, is one that can be…

Q: e journal entry to record this transaction i

A: Cost $72,000 Less    Accumulated depreciation ($48,000) Sales proceeds ($8,500) Loss on sale…