The accounting process is correctly sequenced as
A) identification communication recording.
B) recording communication identification.
C) identification recording communication.
D) communication recording identification.

Question

Quizplus · Accepted Answer

The correct sequence in the accounting process is identification of the transaction or event, recording of the transaction in the accounting system, and communication of the recorded information through financial statements and reports. Therefore, the correct sequence is identification, recording, and communication, which is option C.

The Accounting Process Is Correctly Sequenced as