The proper sequence of activities in a manual accounting system is:

Question

Quizplus · Accepted Answer

The proper sequence of activities in a manual accounting system is:

1. Journalize transactions: This involves recording transactions in a journal in chronological order.

2. Post to the ledger: This involves transferring the information from the journal to the ledger accounts.

3. Summarize: This involves preparing a trial balance to ensure that the debits and credits are equal.

Therefore, the correct sequence of activities is to journalize first, then post to the ledger, and finally, summarize. So, the best choice is B.

The Proper Sequence of Activities in a Manual Accounting System