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

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

Quizplus · Accepted Answer

The correct order in a manual accounting system is source documents (such as receipts or invoices), which are recorded in journals, then transferred to ledgers where accounts are managed, and finally reports are generated from the ledgers. Choice A is the only option that presents these steps in the correct order.

Which of the Following Correctly States the Order of Steps