WAEC Accounting 2013 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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The order of financial accounting process involves: (I) recording; (II) presenting; (III) collecting; (IV) analyzing
- A. I, II, III and IV
- B. II, III, I and IV
- C. III, I, II and IVCorrect
- D. IV, III, II and I
Explanation
First, a transaction must be presented before it is collected and recorded by the accountant, then the management will analyse it.
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