The steps in the accounting process focus on analyzing and recording financial transactions and events within a company. Those steps are shown below. Using the number system of 1 as the first step and 4 as the last step in the process, number the steps in the correct order in which they would occur (1 thru 4). _____ Analyze transactions using the accounting equation. _____ Record journal entry. _____ Post entry to ledger._____ Identify transactions and source documents.

What will be an ideal response?


___2__ Analyze transactions using the accounting equation. 
___3__ Record journal entry. 
___4__ Post entry to ledger.
___1__ Identify transactions and source documents. 

Business

You might also like to view...

Microloans are hardly ever repaid, so they function as an aid to developing economies.

Answer the following statement true (T) or false (F)

Business

Identify to which of the following situations the Charter applies:

A) a law passed by the federal government B) a law passed by the provincial government C) the firing of an employee by an insurance agency due to their religion D) the false arrest of a person by a security guard E) both A and B

Business

A marketing professor maintains a museum of failed consumer products. Most new products in this museum were tested in Ithaca, New York but failed. Likely, the marketers were testing the products during the ________ stage of new product development.

A. test marketing B. pretesting C. concept testing D. product development E. product launch

Business

An individual who buys or sells stock based upon information that is not generally available to the public is guilty of _________________________.

Fill in the blank(s) with the appropriate word(s).

Business