Question

Consider the following activities connected with the accounting information system:
1. Preparation of the table of accounting
2. Communication of accounting information
3. Preparation of accounting information report
4. Collection of accounting data
Correct sequence of these activities is

• A. 4, 1, 3, 2
• B. 1, 4, 3, 2
• C. 4, 3, 1, 2
• D. 1, 2, 4, 3

Answer 1

The correct option is A 4, 1, 3, 2

An accounting as an information system is a system of collecting, storing and processing financial and accounting data that are used by decision makers. Correct sequence of the activities of accounting information system are as follows:

1. Collection of accounting data

2. Preparation of the table of accounting 3. Preparation of accounting information report4. Communication of accounting information