How many required steps are there in the accounting cycle?
A)11
B)9
C)7
D)5

Name: How many required steps are there in the accounting cycle? A)11 B)9 C)7 D)5
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Question

Quizplus · Accepted Answer

The accounting cycle typically consists of 9 steps: analyzing transactions, journalizing, posting to the ledger, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance, preparing financial statements, closing entries, and preparing a post-closing trial balance.

How Many Required Steps Are There in the Accounting Cycle