The process that begins with analyzing transactions and ends with the preparation of a post-closing trial balance is called
A)the fiscal period.
B)the accounting cycle.
C)the business cycle.
D)the accounting year.

Question

Quizplus · Accepted Answer

The accounting cycle is the process that starts with analyzing transactions and ends with the preparation of a post-closing trial balance, encompassing all the steps in between such as journalizing, posting to ledgers, preparing financial statements, and closing entries.

The Process That Begins with Analyzing Transactions and Ends with the Preparation