Question

Identify the correct sequence of the accounting process

A.
Identifying – Communicating – Recording



B.
Identifying – Recording – Communicating

C.
Communicating – Recording – Identifying



D.
Recording – Communicating – Identifying

Answer 1

The correct sequence of the accounting process is:

**B. Identifying – Recording – Communicating**

This sequence starts with identifying the transactions or events, then recording them in the books, and finally communicating the results through financial statements and reports.