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30 June, 15:40

The usual sequence of steps in the recording process is to

a. analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts.

b. analyze each transaction, enter the transaction in the ledger, and transfer the information to the journal.

c. analyze each transaction, enter the transaction in the book of accounts, and transfer the information to the journal.

d. analyze each transaction, enter the transaction in the book of original entry, and transfer the information to the journal.

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Answers (2)
  1. 30 June, 18:10
    0
    A

    Explanation:

    The usual sequence of steps in the recording process is to analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts.
  2. 30 June, 18:20
    0
    The correct answer is letter "A": analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts.

    Explanation:

    In Accounting, the recording of the transactions involves the activity in which companies record the operations of the business so they can be studied at the end of a certain period to find out if the organization is fulfilling its financial goals and if there are adjustments that must be made. The record-keeping of every the company's transactions follow this route:

    1) Analyze transactions and source documents

    2) Record the transactions in the General Journal

    3) Post information to the Ledger

    4) Prepare the Trial Balance

    5) Prepare the Financial Statements
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Home » Business » The usual sequence of steps in the recording process is to a. analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts. b.
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