Steps of accounting process

use number 1-10 to place the following steps of the accounting cycle in their proper order. 1 being the first and 10 the last.

______Analyze business transactions

______Collect / verify source documents

______Complete the worksheet

______Journalize business transactions

______Journalize / post adjustments

______Journalize / post closing entries

______Post journal entries

______Prepare financial statements

______Prepare a post-closing trial balance

_____Prepare trial balance

Steps in accounting Process

Accounting functions

Ten events common to the accounting function of a business entity are listed below. Place the letters of the events in the sequence in which they would logically occur.Abeing the first andJbeing the last.

______Determining ledger account balances

______Analyzing the transactions

______Preparing the Statement of Financial Position

______Preparing the trial balance

______Occurence of a business transaction

______Posting from the journal to the ledger

______Preparing a business document

______Preparing a Statement of Comprehensive Income

______Journalizing the transactions

______Praparing the statement of owner's equity