Which one of the following is an optional step in the accounting cycle of a business?

Question

Quizplus · Accepted Answer

Preparing a worksheet is an optional step in the accounting cycle. It is used to aid in the preparation of financial statements and to identify any errors or discrepancies before finalizing the financial records. Analyzing business transactions, preparing a trial balance, and posting to the ledger accounts are all necessary steps in the accounting cycle.

Which One of the Following Is an Optional Step in the Accounting