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Following Are the Steps in the Accounting Cycle

Question 93

Short Answer

Following are the steps in the accounting cycle. Arrange the steps in the proper sequence.
A. Analyze transactions.
B. Interpret the financial information.
C. Journalize the transactions.
D. Post the journal entries.
E. Prepare a post-closing trial balance.
F. Prepare financial statements.
G. Prepare a worksheet.
H. Record adjusting entries.
I. Record closing entries.
________ 1.
________ 2.
________ 3.
________ 4.
________ 5.
________ 6.
________ 7.
________ 8.
________ 9.

Correct Answer:

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(1) A, (2) C, (3) D,...

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