FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Transactions are listed in the journal chronologically. True False True ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Journalizing is the process of entering amounts in the ledger. True False False ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic The process of recording a transaction in the journal is called journalizing. True False True ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Transactions are initially entered into a record called a journal. True False True ANSWER:
LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Transactions are listed in the journal chronologically. True False ANSWER: True DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Journalizing is the process of entering amounts in the ledger. True False ANSWER: False DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic The process of recording a transaction in the journal is called journalizing. True False ANSWER: True DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Transactions are initially entered into a record called a journal. True False ANSWER: True