The step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is

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Journalizing and posting adjusting entries are typically performed on a periodic basis (e.g., at the end of each month or quarter) in order to update accounts and ensure accurate financial statements. Analyzing transactions and posting to ledger accounts are ongoing processes throughout the accounting cycle, while preparing a post-closing trial balance is typically only done at the end of the fiscal year.

The Step in the Accounting Cycle That Is Performed on a Periodic