A Diagram Showing the Sequence of Steps Involved in a Process

question 73

Short Answer

A diagram showing the sequence of steps involved in a process is a __________.

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Definitions:

Control Accounts

Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers.

General Ledger

A complete record of all financial transactions over the life of a company.

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for business operations.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions over a period.