The Normal Sequence of Information Flow in an Accounting System

question 145

Multiple Choice

The normal sequence of information flow in an accounting system is:

• A) ledger, journal, source document.
• B) journal, source document, ledger.
• C) source document, journal, ledger.
• D) source document, ledger, journal.

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Definitions:

Discipline

The practice of training oneself or others to obey rules or norms by using a system of rewards and punishments.

Crisis

A significant threat to operations or resources, requiring urgent attention and decision-making to mitigate its effects.

Administrative Details

The routine, often clerical work that supports the operation of an organization, such as filing, scheduling, or managing records.

Decentralized Leaders

Leadership style where decision-making power is distributed throughout the organization rather than concentrated at the top.