Which one of the following is an optional step in the accounting cycle of a business?
A) Analyze business transactions
B) Prepare a worksheet
C) Prepare a trial balance
D) Post to the ledger accounts

Question

Quizplus · Accepted Answer

While analyzing business transactions, preparing a trial balance, and posting to ledger accounts are all essential steps in the accounting cycle, preparing a worksheet is an optional step that may be used to aid in the completion of other steps. Therefore, the optional step in the accounting cycle is to prepare a worksheet.

Which One of the Following Is an Optional Step in the Accounting