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12 October, 09:44

Write down the correct sequence for recording transactions and preparing financial statements

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  1. 12 October, 12:07
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    Complete question:

    Which is the correct sequence for recording transactions and preparing financial statements?

    A. Ledger, trial balance, journal, financial statements

    B. Journal, ledger, trial balance, financial statements

    C. Financial statements, trial balance, ledger, journal

    D. Ledger, journal, trial balance, financial statements

    Answer:

    The correct sequence for recording transactions and preparing financial statements is Journal, ledger, trial balance, financial statements

    Explanation:

    The financial statement is extremely much presenting your final assignment, as well as the other three were your own rough drafts.

    The magazine and the booklet are both places in which to write the money. You take a glance at both the newspaper and the leader to find errors in your trial balance. Errors mean the records don't suit-they could be a simple error, or anything else.

    You can then submit the financial reports to those who need it for legal reasons when the court balance matches
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