Which of the following correctly states the proper order of the accounting cycle?
A)Record transactions, adjust accounts, prepare statements, close temporary accounts.
B)Adjust accounts, record transactions, close temporary accounts, prepare statements.
C)Prepare statements, record transactions, close temporary accounts, adjust accounts.
D)Adjust accounts, prepare statements, record transactions, close temporary accounts.

Question

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In the accounting cycle, a company records transactions throughout the accounting period, then adjusted accounts at the end of the perio

Which of the Following Correctly States the Proper Order of the Accounting