Each letter below contains three of the steps found in the accounting cycle.Which presents the given steps in the proper sequence,first to last?
A)Adjust,Analyze transactions,Close
B)Analyze transactions,Adjust,Close
C)Prepare post-closing trial balance,Prepare statements,Close
D)Prepare statements,Post,Close
E)Prepare adjusted trial balance,Journalize,Close

Question

Quizplus · Accepted Answer

The correct sequence in the accounting cycle is to first analyze transactions, then adjust entries, and finally close the books.

Each Letter Below Contains Three of the Steps Found in the Accounting