Which of the following is not part of the accounting cycle?
A)Posting
B)Financial statement analysis
C)Adjusted trial balance
D)Transaction analysis

Question

Quizplus · Accepted Answer

The accounting cycle includes transaction analysis, journalizing, posting, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance, preparing financial statements, closing the accounts, and preparing a post-closing trial balance. However, financial statement analysis is not a part of the accounting cycle, but rather it is a separate step taken after the completion of the accounting cycle.

Which of the Following Is Not Part of the Accounting