The Steps in the Accounting Process Focus on Analyzing and Recording

question 237

Short Answer

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).
_____ Record relevant transactions and events in a journal,
_____ Post journal information to the ledger accounts
Prepare and analyze the trial balance
Analyzing each transaction

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Definitions:

Blood Pressure

The force exerted by blood against the inner walls of the blood vessels.

Heartbeat

The pulsation of the heart, including one complete contraction and relaxation cycle, distributing blood throughout the body.

Medulla

The innermost part of an organ or structure, such as the medulla oblongata of the brain that controls autonomic functions, or the inner region of an adrenal gland.

Hypothalamus

A region of the brain that coordinates many bodily functions, including hunger, thirst, temperature regulation, and the release of hormones.