Question
The following contains the various steps of the financial reporting process. Arrange them in proper order and indicate whether each step is a function of
The following contains the various steps of the financial reporting process. Arrange them in proper order and indicate whether each step is a function of the TPS, GLS pr FRS.,
*Record transaction in special journal.
*Make adjusting entries.
*Capture the transaction.
*Prepare the postclosing trial balance.
*Prepare the adjusted trial balance.
*Prepare the sales invoices.
*Prepare the financial statements.
*Journalize and post the adjusting entries.
*Post to the subsidiary ledger.
*Post to the general ledger.
*Issue Official Receipts.
*Journalize and post the closing entries.
*Prepare the unadjusted trial balance.
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