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English Take me to the text An accounting system includes a paper trail of documents and processes used to record and report the financial results
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An accounting system includes a "paper trail" of documents and processes used to record and report the financial results of the business for a given period of time. Using numbers list the order in which the following activities would occur.
Post individual amounts to appropriate general ledger accounts as required
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Review source document to determine type of transaction and to which journal it needs to be recorded
Record transaction in appropriate journal
Prepare a trial balance
Reconcile balances in subsidiary ledgers to general ledger control account
Post column totals to appropriate accounts in general ledger
Post to subsidary ledgers
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Complete the remaining steps in the accounting cycle
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