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The following contains the steps of the financial reporting process. Make adjusting entries Prepare the financial statements Post to the subsidiary ledger Prepare the adjusted

The following contains the steps of the financial reporting process.

  • Make adjusting entries
  • Prepare the financial statements
  • Post to the subsidiary ledger
  • Prepare the adjusted trial balance
  • Journalise and post closing entries
  • Journalise and post adjusting entries
  • Record transactions in special journals
  • Capture the transactions
  • Post to the general ledger
  • Prepare the unadjusted trial balance
  • Required:
  • List the steps in the proper order.

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