Four of the nine steps in the accounting cycle are: W. Journalize the transactions.
X. Post to the ledger accounts.
Y. Journalize and post closing entries.
Z. Prepare a trial balance.
In what order do these four steps occur?

Question

Quizplus · Accepted Answer

The correct order is to first journalize the transactions (W), then post to the ledger accounts (X), prepare a trial balance (Z), and finally journalize and post closing entries (Y).

Four of the Nine Steps in the Accounting Cycle Are