Which one of the following is an optional step in the accounting cycle of a business enterprise?
A) Analyze business transactions
B) Prepare a worksheet
C) Prepare a trial balance
D) Post to the ledger accounts

Question

Quizplus · Accepted Answer

While analyzing business transactions, preparing a trial balance, and posting to the ledger accounts are all necessary steps in the accounting cycle, preparing a worksheet is an optional step that some businesses may choose to use to help summarize their financial information before preparing financial statements.

Which One of the Following Is an Optional Step in the Accounting