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Recap of Overview of Financial Statements

Which amongst...

Question

Which amongst the following is the correct sequence of accounting process:

A

Measuring--Communicating--Recording--Identifying

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B

Recording-- Measuring-- Communicating-- Identifying

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C

Identifying--communicating--recording-- Measuring

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D

Identifying-- Measuring--Recording--Communicating

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Solution

The correct option is D
Identifying-- Measuring--Recording--Communicating

The correct sequence of the process of accounting is Identifying-- Measuring--Recording--Communicating.

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