_____ is the process that begins with analyzing transactions and ends with preparing financial statements.
A) Liquidity reporting
B) The accounting cycle
C) Amortization of accounts
D) Cost reporting

Question

Quizplus · Accepted Answer

The accounting cycle is the process that begins with analyzing transactions and ends with preparing financial statements. It includes steps such as journalizing transactions, posting to ledgers, adjusting entries, and preparing trial balances, income statements, balance sheets, and cash flow statements. Options A, C, and D are not correct as they do not accurately describe the process of preparing financial statements.

_____ Is the Process That Begins with Analyzing Transactions and Ends