The accounting cycle comprises ten steps.In which step is an XBRL taxonomy first likely to be used?
A)Post from the journal to the ledger.
B)Record the transactions in a journal.
C)Prepare financial statements.
D)Close the nominal accounts to retained earnings.

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The Answer of The accounting cycle comprises ten steps.In which step is an XBRL taxonomy first likely to be used?
A)Post from the journal to the ledger.
B)Record the transactions in a journal.
C)Prepare financial statements.
D)Close the nominal accounts to retained earnings.

The Accounting Cycle Comprises Ten Steps