Which of the following steps in the accounting cycle would NOT generally be performed daily?
A) Journalize transactions.
B) Post to ledger accounts.
C) Prepare adjusting entries.
D) Analyze business transactions.

Question

Quizplus · Accepted Answer

Preparing adjusting entries is typically not done daily; it is usually performed at the end of an accounting period (e.g., monthly, quarterly, or annually) to update account balances before preparing financial statements.

Which of the Following Steps in the Accounting Cycle Would