Accounting Cycle

Ace your homework & exams now with Quizwiz!

The final step of the accounting cycle

journalize closing entries and prepare post closing trial basis

The fourth step of the accounting cycle

prepare financial statements

Accounting Cycle

a sequence of activities undertaken by accountants to accumulate and report the financial information of a business

The first step of the accounting cycle

analyze transactions from source documents

the third step of the accounting cycle

journalize adjusting entries and prepare adjusted trial balance

The second step of the accounting cycle

journalize transaction and prepare adjusted trial balance


Related study sets

international quiz ch. 15 and 16

View Set

W04 Quiz: Digestion and Metabolism

View Set

(Criminal Law and Procedure) Chap. 3 - The Elements of Criminal Liability

View Set

Chapter 6 and 7 Systems and Internet Marketing Test Questions

View Set

Chapter 3b - Infancty and Childhood

View Set

General Chemistry II: Chapter 17, Acid-Base Equilibria and Solubility Equilibria -Part I

View Set

Supply Chain Management Chapter 14: Transportation in a Supply Chain

View Set

Heath Assessment abdomen, anus and rectum

View Set

Custom: Concept ll Immunity, inflammation, infection

View Set