Which is the correct order of the steps in the accounting cycle during the accounting period?
A) transaction analysis, journal entries, trial balance
B) transaction analysis, posting to the accounts, journal entries
C) transaction analysis, posting to the accounts, adjusting the accounts
D) transaction analysis, journal entries, posting to the accounts

Question

Quizplus · Accepted Answer

The correct order of steps in the accounting cycle during the accounting period starts with transaction analysis, followed by making journal entries to record those transactions, and then posting those entries to the ledger accounts.

Which Is the Correct Order of the Steps in the Accounting