The order of the steps in the recording process has
A)the adjusted trial balance after preparing the financial statements.
B)the journalization and posting of adjustments before the ledger.
C)the adjusted trial balance before the ledger.
D)journalization after the adjusted trial balance.
E)the unadjusted trial balance after the ledger.

Question

Quizplus · Accepted Answer

The correct sequence in the recording process involves journalizing transactions, posting them to the ledger, and then preparing the unadjusted trial balance based on the ledger accounts. The unadjusted trial balance comes after the ledger has been updated with all transactions.

The Order of the Steps in the Recording Process Has