Which of the following is not a step in the accounting cycle?
A)Prepare a trial balance.
B)Prepare a purchase order.
C)Prepare financial statements.
D)Prepare an adjusted trial balance.

Question

Quizplus · Accepted Answer

Preparing a purchase order is not a step in the accounting cycle. The accounting cycle consists of steps such as analyzing transactions, journalizing them, posting them to the ledger, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance, preparing financial statements, and closing the books. A purchase order is a document used by a company to request goods or services from a supplier, but it is not part of the accounting cycle.

Which of the Following Is Not a Step in the Accounting