The accounting cycle begins with:
A) Preparing financial statements and other reports.
B) Analysis of economic events and recording their effects.
C) Posting to the ledger.
D) Presentation of financial information to decision makers.
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

The accounting cycle always starts with analyzing economic events and recording their effects in the accounting system.

The Accounting Cycle Begins With