Accounting cycle steps Flashcards
1
Q
1
A
Analyze transactions
2
Q
2
A
Journalize the transactions
3
Q
3
A
Post to ledger accounts
4
Q
4
A
Prepare a trial balance
5
Q
5
A
Journalize and post adjusting entries
6
Q
6
A
Prepare financial statements
7
Q
7
A
Prepare closing entries
8
Q
8
A
Prepare post-closing trial balance
9
Q
9
A
Prepare reversing entries
