Journalizing records a transaction based on its effects on the elements of financial statements. The transaction is analyzed to determine those effects, and the rules of debit and credit are applied. Analysis is a step that precedes the actual recording. Journalizing records a transaction based on its effects on the elements of financial statements. The transaction is analyzed to determine those effects, and the rules of debit and credit are applied. Analysis is a step that precedes the actual recording.

MAIN PRESENTATION

Click the image below for the main presentation. It will be opened in a separate window. Complete the presentation’s activities and requirements. Completion status is collected, which will be submitted to your organization if requested. After completing the presentation, click the Mark Complete button, above, which will then be active.

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DISCUSSION

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