Below are some of the basic activities in a paper-based accounting system:
i. Post (copy) data from journals to the appropriate accounts in the general ledger
ii. Record transactions in the appropriate journals
iii. Post (copy) data from journals to the appropriate accounts in the subsidiary ledgers
iv. Complete source documents

A) iv, ii, iii, i
B) ii, i, iii, iv
C) iv, ii, i, iii
D) ii, iv, iii, i

Question

Below are some of the basic activities in a paper-based accounting system:
i. 	Post (copy) data from journals to the appropriate accounts in the general ledger
	ii.	Record transactions in the appropriate journals
iii.	Post (copy) data from journals to the appropriate accounts in the subsidiary ledgers
	iv.	Complete source documents

A) iv, ii, iii, i
B) ii, i, iii, iv
C) iv, ii, i, iii
D) ii, iv, iii, i

Quizplus · Accepted Answer

In a paper-based accounting system, the typical sequence is to complete source documents (iv), record transactions in journals (ii), post data to subsidiary ledgers (iii), and then post to the general ledger (i).

Below Are Some of the Basic Activities in a Paper-Based