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QUESTION 4 Which of the followings is/are part of the recording process? O A. Analyzing...

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Accounting

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QUESTION 4 Which of the followings is/are part of the recording process? O A. Analyzing transactions. B. Posting journal entries. OC. All answers are correct D. Entering Transactions in a journal. QUESTION 5 A Debit would: A. increase assets and decrease liabilities. B. decrease assets and increase liabilities. C. decrease both assets and liabilities. D. increase both assets and liabilities. QUESTION 6 The adjusting entry to record accrued interest expense is: Debit Interest expense and Credit Interest Payable. True False

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