George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions into journals. After completing this task, the next step in the accounting process is to
A) prepare the firm's financial statements.
B) post the information to the ledger.
C) determine the tax liability of the firm.
D) balance the difference between assets and liabilities.

Question

Quizplus · Accepted Answer

All journal entries are posted to the ledger on a regular basis. This is the third step in the accounting cycle.

George Works in the Accounting Department at the Green Goddess