PDA

View Full Version : Accounting steps for the accounting cycle


derrick2007
Nov 12, 2007, 11:26 PM
I think I wrote all the steps wrong can someone correct them for me thanks.

List the following steps of the accounting cycle in their proper order:
a) Preparing the post-closing trial balance.9
b) Posting the journal entries
c) Journalizing and posting adjusting entries
d) Preparing the adjusted trial balances
e) Journalizing and posting closing entries
f) Analyzing transactions and events.
g) Preparing the financial statements
h) Preparing the unadjusted trial balances
I) Journalizing transactions events

derenda
Feb 12, 2009, 09:15 PM
The answwe is THE ACCOUNTING CYCLE GOES
1. ANALYZING TRANSACTION
2. JOURNALIZE
3. POST
4. PREPARING UNADJUSTED TRIAL BALANCES
5. aDJUST
6. pREPARE ADJUSTED TRAIL BALANCE
7. prepare statement
8. close
9. prepare post-cloing trial balance
10. Reverse

Don't think I was yelling just didn't feel like retyping

pready
Feb 13, 2009, 05:47 PM
Looks like the correct sequence to me