Identify the correct sequence of accounting process: (2024)

Q. Accounting is a process of recording, classifying, summarising, analysing and interpreting the financial transactions and communicating the result thereof to the users of such information. State whether the statement is true or false.

Q. _____________ includes identifying, recording, classifying and summarizing the transactions.

Q. The identifying or smelling ability of dogs and searching and communicating nature of ants is because of _____.

Q. ____________by definition, is the process of identifying, recording, classifying and summarising financial transactions to produce the financial reports for their ultimate analysis.

Q. Accounting information system identifies, collects, processes, and communicates economic information about an entity to a wide variety of users.