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, 8/3/23, 4:08 PM Assessment 1 (page 1 of 2)
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The following are some of the steps which are taken in the monthly routine of recording financial transactions:
(1) Post to the general ledger.
(2) Extract a trial balance.
(3) Record a transaction on a source document.
(4) Balance the general ledger accounts.
(5) Enter data from source documents into the appropriate subsidiary journal.
The correct order in which these steps should take place is as follows:
Select one:
a. (5), (3), (2), (1), (4)
b. (2), (4), (1), (5), (3)
c. (1), (3), (4), (2), (5)
d. (3), (5), (1), (4), (2)
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