Question

The accounting process is correctly sequenced as
A) Identifying→recording→communicating
B) Identifying→communicating→recording
C) Communicating→Recording→Identifying
D) Recording→Communicating→Identifying

Answer 1

A) Identifying→recording→communicating

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The accounting process is correctly sequenced as Identifying→recording→communicating

Answer 2

The correct answer to your question is option (A)

Identifying→recording→communicating

In the process of accounting the first step is to identify the accounting objects as it may get pooled with various objects. The next step is to record the quantity or the quality of the accounting object as it is more important to note the quantity and quality of the object. The final step is to communicate the recordings with the concerned person.