Question
Use the following to describe the order of the steps in the Accounting Cycle. (USE JUST 10) - Journalize and post the closing entries -
Use the following to describe the order of the steps in the Accounting Cycle.
(USE JUST 10)
- Journalize and post the closing entries - Transfer debits and credits to the general ledger account - Prepare the adjusted balance sheet - Prepare the income statement - Prepare the adjusted income statement - Prepare the chart of accounts - Prepare the balance sheet - Prepare the general trial balance - Prepare the retained earnings statement - Journalize and post adjusting entries - Analyse transactions for debit and credit account - Prepare the adjusted retained earnings statement - Prepare the pre-closing trial balance - Prepare the general income statement - Prepare the post-closing trial balance - Journalize transactions
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