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

---

Definitions:

Supervisor

An individual in charge of overseeing and directing the work of others, typically in a work or academic setting.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically performing better on simple or well-rehearsed tasks and worse on complex or new ones.

Routine Tasks

Tasks that are regularly performed in a set manner, often characterized by a lack of novelty and the requirement for minimal conscious effort.

Unusual Tasks

Activities that deviate from what is commonly expected or considered normal, often requiring unique or creative approaches.