Which of the following correctly states the order of steps in a manual accounting system?
A)Source Documents, Journals, Ledgers, Reports
B)Journals, Source Documents, Ledgers, Reports
C)Source Documents, Ledgers, Journals, Reports
D)Ledgers, Reports, Journals, Source Documents

Question

Quizplus · Accepted Answer

In a manual accounting system, the correct order is to first collect Source Documents, then record transactions in Journals, post them to Ledgers, and finally prepare Reports.

Which of the Following Correctly States the Order of Steps