Question

The chronological order of an accounting system is _____.A. classifying, summarizing, and reporting a business's financial and operating B. collecting, classifying, and summarizing a business's financial and operating informationC. collecting, summarizing, and reporting a business's financial and operating informationD. collecting, classifying, summarizing, and reporting a business's financial and operating information

Answer 1

The answer is D.

Step-by-step explanation:

The chronological order of an accounting system is:

Collecting - This is about collection of data from different sources

Classifying - Data are classified into different categories or accounts.

Summarizing - Data being classified are summarized.

And the final step is reporting a business's financial and operating information