The order of the steps in the accounting cycle includes:
A) Adjusted Trial Balance,financial reports,adjusting entries,Trial Balance
B) Adjusted Trial Balance,adjusting entries,financial reports,Trial Balance
C) Trial Balance,adjusting entries,Adjusted Trial Balance,financial reports
D) Trial Balance,financial reports,adjusting entries,Adjusted Trial Balance
Correct Answer:
Verified
Q8: Adjusting entries are used to:
A)Close temporary accounts
Q9: To print an Adjusted Trial Balance,select:
A)Reports Center
Q10: Sales are recorded under cash basis accounting
Q11: An accounting period may be:
A)One quarter
B)One month
C)One
Q12: Unearned revenue occurs when:
A)Customers pay after receiving
Q14: What is an asset?
A)What remains after the
Q15: To record adjusting entries,use:
A)Reports Menu > General
Q16: Adjusting entries should be made:
A)Before preparing an
Q17: Before making adjusting entries,you should:
A)Close permanent accounts
B)Prepare
Q18: Prepaid items for which adjusting entries may
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