Listed below in random order are the steps in the accounting cycle.
1()prepare the financial statements
2()post the journal entries to the ledger
3()record journal entries
4()prepare a trial balance
What is the proper order of these steps?
A)(2), (3), (4), (1)
B)(3), (2), (1), (4)
C)(3), (2), (4), (1)
D)(4), (3), (2), (1)

Question

Quizplus · Accepted Answer

The correct order of the steps in the accounting cycle is: 
1) Record journal entries 
2) Post the journal entries to the ledger 
3) Prepare a trial balance 
4) Prepare the financial statements

Therefore, option C is the correct order of these steps.

Listed Below in Random Order Are the Steps in the Accounting