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10 April, 09:00

Which sequence correctly summarizes the accounting process?

a. journalize transactions, prepare a trial balance, post to the accounts

b. post to the accounts, journalize transactions, prepare a trial balance

c. journalize transactions, post to the accounts, prepare a trial balance

d. prepare a trial balance, journalize transactions, post to the accounts?

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Answers (1)
  1. 10 April, 09:14
    0
    First you journalize the transactions, records must be kept of the figures before any sums are attempted on them. Then one posts to the accounts, and then you should prepare a trial balance. So the answer would be C, that's the correct sequence of the accounting process.
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