Which of the following is NOT one of the six steps in the accounting cycle?
A)analyzing business transaction documents
B)recording business transactions in journal
C)preparing a trial balance
D)paying accounts payable
E)preparing the financial statements

Question

Quizplus · Accepted Answer

Paying accounts payable is not one of the six steps in the accounting cycle. The accounting cycle focuses on recording and processing financial transactions, not on the actual payment of debts.

Which of the Following Is NOT One of the Six