The sequence of steps in the transaction recording process is
A)journal $\rightarrow$ analyze $\rightarrow$ ledger.
B)analyze $\rightarrow$ journal $\rightarrow$ ledger.
C)journal $\rightarrow$ ledger $\rightarrow$ analyze.
D)ledger $\rightarrow$ journal $\rightarrow$ analyze.

Question

Quizplus · Accepted Answer

The correct sequence for the transaction recording process is to first analyze each transaction to understand its financial effects, then record it in the journal in chronological order, and finally post these journal entries to the ledger accounts.

The Sequence of Steps in the Transaction Recording Process Is →\rightarrow→

The Sequence of Steps in the Transaction Recording Process Is $\rightarrow$