Which of the following correctly describes the order of the accounting cycle?
A) Post to the general ledger, post the adjusting entries, prepare trial balance, prepare financial statements and post closing journal entries.
B) Post to the general ledger, post the adjusting entries, prepare trial balance, post closing entries and prepare financial statements.
C) Post to the general ledger, post the adjusting entries, prepare financial statements, post closing journal entries and prepare trial balance.
D) Post to the general ledger, post the adjusting entries, post closing journal entries, prepare the trial balance and prepare financial statements.
Correct Answer:
Verified
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