Which sequence correctly summarizes the accounting process?
a. journalize transactions, prepare a trial balance, post to the accounts
b. post to the accounts, journalize transactions, prepare a trial balance
c. journalize transactions, post to the accounts, prepare a trial balance
d. prepare a trial balance, journalize transactions, post to the accounts?
First you journalize the transactions, records must be kept of the figures before any sums are attempted on them. Then one posts to the accounts, and then you should prepare a trial balance. So the answer would be C, that's the correct sequence of the accounting process.
