The Steps in the Accounting Process Focus on Analyzing and Recording

question 37

Essay

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).
_____ Analyze transactions using the accounting equation.
_____ Record journal entry.
_____ Post entry to ledger.
_____ Identify transactions and source documents.