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29 September, 02:55

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. 29 September, 06:19
    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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Home » Business » 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.
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