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:

Pyroclastic Column

A dense, vertical cloud of hot volcanic ash, gas, and debris that rises from a volcanic eruption, capable of causing widespread destruction.

Volcanic Ash

Fine particles of rock and glass created by volcanic eruptions.

Laki Eruption

A major volcanic event in 1783-1784 from the Laki fissure and the Grímsvötn volcano in Iceland, which released large amounts of sulfur dioxide, causing significant environmental and health impacts in Europe.

Aerosols

Very small solid particles or drops of liquid dispersed in the atmosphere.