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What's the accounting recording process for transactions? Group of answer choices

1. Transfer journal information to ledger accounts, enter transaction in a journal, analyze
2. the transaction Enter transaction in a journal, transfer journal information to ledger accounts, analyze
3. the transaction Analyze the transaction, enter transaction in a journal, transfer journal information to ledger accounts.

Respuesta :

hyderali230

Answer:

3. The transaction Analyze the transaction, enter transaction in a journal, transfer journal information to ledger accounts.

Explanation:

According to accounting recording process for transactions the sequence is as follows:

1. Prepare Transaction

2. Analyze the the transaction

3. Enter the transaction in the journal

4.Transfer it to ledger accounts

5. Prepare trial balance

6. Prepare financial statements

So the option 3 is correct.

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