What Is the Correct Order of the Steps in the Accounting

question 63

Multiple Choice

What is the correct order of the steps in the accounting cycle?
1) Entries are made in the journal
2) A business transaction occurs
3) A trial balance is prepared
4) Entries are made in the ledger

• A) 2, 4, 1, 3
• B) 2, 1, 4, 3
• C) 3, 2, 1, 4
• D) 2, 4, 3, 1.

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