After transactions are recorded in the general journal,the next step in the accounting cycle is to ________.
A)prepare adjusting journal entries
B)prepare an adjusted trial balance
C)prepare financial statements
D)post transactions to the general ledger

Question

Quizplus · Accepted Answer

The next step in the accounting cycle after transactions are recorded in the general journal is to post those transactions to the general ledger. This involves transferring the information from the journal to the appropriate accounts in the ledger. Once this is complete, the accounts can be used to prepare adjusting journal entries, an adjusted trial balance, and ultimately, the financial statements.

After Transactions Are Recorded in the General Journal,the Next Step