Question: 1. When in the accounting process does recording journal entries occur? .Measuring stage Aggregation stage Communication stage a. To aggregate a business transaction and calculate
1. When in the accounting process does recording journal entries occur? .Measuring stage Aggregation stage Communication stage a. To "aggregate" a business transaction and calculate the account ending balance. b. To "measure" a business transactions c. To "communicate" the business transaction through the financial statements. 2. Why is it necessary to post transactions to the general ledger after they have been recorded as a journal entry? a. To "aggregate" and determine the beginning balances of each account b. To "aggregate" and determine the ending balances of each account c. To "communicate" the transactions 3. The account ending balances are aggregated in what location and then used to build the rial balance and eventually the financial statements a. Journal entry b. General Ledger c. Financial Statements d. Unadjusted trial balance 4. What are the correct steps that an accountant needs to complete during an accounting period? a. Recording a journal entry, recording adjusting entries, posting to a neral ledger, preparing an unadjusted trial baiance, preparing an adjusted trial balance, creating tinancial statements b. Recording a journal entry, posting to a general ledger, recording adjusting entries,'posting adjusting entries to a general ledger, preparing an unadjusted trlal balance, preparing an adjusted trial c. Recording a journal entry, recording adjusting entries, poating adjusting entries to a general ledger, preparing an adjusted trial balance, creating Einaneial statements d. Recording a journal entry, posting to a general ledger, preparing an unadjusted trial entries to a general ledger, pzeparing an adjusted triai balance, creating finaneial statenents
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