Which of the Following Depicts the Proper Sequence of Steps

question 84

Multiple Choice

Which of the following depicts the proper sequence of steps in the accounting cycle?

• A) Journalize the transactions analyze business transactions prepare a trial balance
• B) Prepare a trial balance prepare financial statements prepare adjusting entries
• C) Prepare a trial balance prepare adjusting entries prepare financial statements
• D) Prepare a trial balance post to ledger accounts post adjusting entries

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Definitions:

Interact

To communicate or act together in a way that affects or influences each other, often used in reference to individuals or systems.

Robert Louis Stevenson

A Scottish novelist, poet, and travel writer, famous for works like Treasure Island and Strange Case of Dr Jekyll and Mr Hyde.

Lives

The existence of individuals or organisms characterized by growth, reproduction, and the capacity for change and adaptation in their environment.

Selling

The act of exchanging a product or service for money or other compensation.