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Question
the proper order for the accounting process is:
a. transaction occurs, transaction analyzed, journalizing, and posting.
b. transaction occurs, posting, journalizing.
c. transaction occurs, posting, transaction analyzed, journalizing.
d. posting, transaction occurs, journalizing.
In accounting, first a transaction happens. Then it is analyzed to understand its impact on accounts. After that, it is recorded in the journal (journalizing), and finally posted to the general - ledger accounts.
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A. transaction occurs, transaction analyzed, journalizing, and posting.