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    Question

    The process of recording business transactions in a

    chronological order is called:
    A Posting Correct Answer Incorrect Answer
    B Journalizing Correct Answer Incorrect Answer
    C Balancing Correct Answer Incorrect Answer
    D Classifying Correct Answer Incorrect Answer

    Solution

    Journalizing is the first step in the accounting cycle where transactions are recorded in the journal in chronological order with debits and credits.

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