Which of the Following Represents the Correct Flow of Accounting

question 80

Multiple Choice

Which of the following represents the correct flow of accounting data?

• A) transactions occur; transactions are analyzed; transactions are journalized and posted; source documents are prepared
• B) transactions occur; source documents are prepared; transactions are journalized and posted;
• C) transactions occur; source documents are prepared; transactions are analyzed; transactions are journalized and posted
• D) source documents are prepared; transactions occur; transactions are analyzed; transactions are journalized and posted

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Definitions:

Conservation

A cognitive principle, identified by Jean Piaget, recognizing that certain properties of objects (such as volume, mass, number) remain the same despite changes in the form or arrangement of the objects.

Egocentric Thinking

A cognitive perspective characterized by the inability to differentiate between one's own perspective and that of others, often associated with early developmental stages.

False Belief

A cognitive test used to understand theory of mind, which measures the recognition that others can hold beliefs about the world that are incorrect.

Theory Of Mind

An understanding of what another person might be thinking, believing, feeling, or expecting or what that person’s reaction might be in a particular set of circumstances.