Which Steps in the Financial Accounting Process Are in the Correct

question 64

Multiple Choice

Which steps in the financial accounting process are in the correct sequence?

• A)record the transaction, post to the ledger, prepare the adjusted trial balance, enter adjusting entries, prepare financial statements
• B)record the transaction, prepare the unadjusted trial balance, record adjusting journal entries, record closing entries, prepare financial statements
• C)record the transaction, post to the ledger, record adjusting entries, prepare the unadjusted trial balance, prepare financial statements
• D)record the transaction, post to the ledger, prepare the adjusted trial balance, prepare financial statements, record closing entries

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Definitions:

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