The basic sequence in the accounting process can best be described as: | Faculties

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Gopal Sharma

🎓 Tutor III ⭐ 38.32K Points

📊 Business Accounting

Q. The basic sequence in the accounting process can best be described as:

(A) Transaction, journal entry, source document, ledger account, trial balance.
(B) Source document, transaction, ledger account, journal entry, trial balance.
(C) Transaction, source document, journal entry, trial balance, ledger account.
(D) Transaction, source document, journal entry, ledger account, trial balance.

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✅ Correct Answer: (D) Transaction, source document, journal entry, ledger account, trial balance.

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