All of the following are steps included in the accounting cycle Except:

Question

Quizplus · Accepted Answer

Forecasting of expenses and revenues is not a step included in the accounting cycle. The steps included in the accounting cycle are recording information into journals, posting journal information into ledgers, preparing a trial balance, adjusting entries, preparing financial statements, closing temporary accounts, and preparing a post-closing trial balance.

All of the Following Are Steps Included in the Accounting