The process that begins with analyzing and journalizing transactions and ends with the post-closing trial balance is called:

Question

Quizplus · Accepted Answer

The accounting cycle is a process that begins with the analysis and journalizing of transactions, continues with the posting of those transactions to the ledger, and ends with the preparation of the post-closing trial balance. The other options listed (income statement, source cycle, statement of cash flows) are all financial statements that may be prepared as a result of the accounting cycle but are not synonymous with the entire process.

The Process That Begins with Analyzing and Journalizing Transactions and Ends