Which of the following is not part of the recording process?
a. Analyzing transactions.
b. Preparing an income statement.
c. Entering transactions in a journal.
d. Posting journal entries.
7. (LO 2) Which of the following statements about a journal is false?
a. It is not a book of original entry.
b. It provides a chronological record of transactions.
c. It helps to locate errors because the debit and credit amounts
for each entry can be readily compared.
d. It discloses in one place the complete eff ect of a transaction.