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Identify the correct sequence of the accounting process:
  • a)
    Communicating → Recording → Identifying
  • b)
    Recording → Communicating → Identifying
  • c)
    Identifying → Communicating → Recording
  • d)
    Identifying → Recording → Communicating
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Identify the correct sequence of the accounting process:a)Communicatin...
The correct sequence of the accounting process starts with identifying economic events, then recording them in the books, and finally communicating the financial information through financial statements.
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Identify the correct sequence of the accounting process:a)Communicating → Recording → Identifyingb)Recording → Communicating → Identifyingc)Identifying → Communicating → Recordingd)Identifying → Recording → CommunicatingCorrect answer is option 'D'. Can you explain this answer?
Question Description
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