Which of the Following Sequences Is the Normal Sequence of Flow

question 39

Multiple Choice

Which of the following sequences is the normal sequence of flow of accounting data?

• 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:

Segmentation Analysis

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors.

Marketing Concept

A business philosophy suggesting that success is achieved by focusing on the needs and wants of target markets.

Response Time

The duration it takes for a system or service to react to a specific request.

Lifetime Value

The total net profit a company expects to earn from a customer over the duration of their relationship.