The Steps in the Accounting Cycle (Excluding the Preparation of the Worksheet)are

question 80

Short Answer

The steps in the accounting cycle (excluding the preparation of the worksheet)are listed below in random order. List the steps in the proper sequence, inserting the number 1 to 11. a) $\text { Prepare a post-closing trial balance}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
b) $\text {Prepare an adjusted trial balance}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
c) $\text {Analyse transactions as they occur}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
d) $\text {Prepare an unadjusted trial balance}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
e) $\text {Compute the adjusted balance in each of the ledger accounts}$$\quad$$\quad$$\quad$$\quad$$\quad$ ----------
f) $\text {Post the journal entries to the ledger accounts}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ --------
g) $\text {Journalize and post the adjusting entries}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
h) $\text {Journalize and post the closing entries}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
i) $\text {Prepare financial statements}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------
j) $\text { Compute the unadjusted balance in each of the ledger accounts}$$\quad$$\quad$$\quad$$\quad$ ---------
k) $\text {Journalize the transactions}$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ ---------

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Definitions:

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