Which of the following activities is NOT part of the general ledger and financial reporting cycle?
A)Preparing and updating journals and ledger accounts
B)Preparing end-of-period adjusting entries and close the temporary accounts to profit and loss
C)Preparing trial balances and producing financial reports
D)Preparing cheque requisition

Question

Quizplus · Accepted Answer

Preparing cheque requisition is not part of the general ledger and financial reporting cycle. It is a transactional activity related to cash disbursements and payments. The other options listed are essential steps in the general ledger and financial reporting cycle.

Which of the Following Activities Is NOT Part of the General