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In Which Order Do These Steps in the Accounting Cycle

Question 19

Multiple Choice

In which order do these steps in the accounting cycle occur?
I Prepare reversing entries
Ii Prepare financial statements
Iii Prepare closing entries
Iv Prepare an adjusted trial balance
V Prepare adjusting entries


A) iii, v, i, iv, ii
B) v, iii, iv, i, ii
C) iv, iv, iii, ii, i
D) v, iii, i, ii, iv

Correct Answer:

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