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Question Completion Status: QUESTION 48 The usual sequence of steps in the recording process is to A. analyze each transactio
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48. Option B

Recording process starts with analyzing each transaction to determine if its material and then is recorded in the journal which is also called book of original entry and then posted to ledger.

49. Option D

Trial balance is the an accounting record in which all the balances of ledger accounts are compiled into debits or credits. It shows the balances of each ledger account at a given time.

50. Option D

Ledger which is also called the book of second entry lists all the changes in specific account places over the given period. It is validated by the trail balance.

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