Which of the following is the correct sequence of steps in the accounting cycle?
A) Preparation of journal entries, posting to T-accounts, preparation of financial statements, and preparation of unadjusted trial balance.
B) Posting to T-accounts, preparation of journal entries, preparation of unadjusted trial balance, and preparation of financial statements.
C) Preparation of journal entries, posting to T-accounts, preparation of unadjusted trial balance, and preparation of financial statements.
D) Preparation of financial statements, preparation of journal entries, posting to T-accounts, preparation of unadjusted trial balance.
Correct Answer:
Verified
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