Question
I think its it's B?? Which is the correct order of the steps in the accounting cycle at the end of the accounting period? a.
I think its it's B??
Which is the correct order of the steps in the accounting cycle at the end of the accounting period?
a. Journalise and post adjustments, journalise and post the closing entries, prepare financial statements, and prepare a trial balance.
b. Journalise and post the closing entries, prepare a trial balance, journalise and post adjustments and prepare financial statements.
c. Prepare financial statements, journalise and post adjustments, journalise and post the closing entries, and prepare a trial balance.
d. Prepare a trial balance, journalise and post adjustments, journalise and post the closing entries, and prepare financial statements.
e. Prepare a trial balance, journalise and post adjustments, prepare financial statements, and journalise and post the closing entries.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
