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(Solved): What is the correct order of the following steps of the Accounting Cycle (accounting process)? Prep ...
What is the correct order of the following steps of the Accounting Cycle (accounting process)? Prepare Adjusted Trial Balance Joumalize adjusting entries and post to ledger Journalize transactions and post to ledger Prepare Closing Entries Prepare Post-Closing Trial Balance Prepare Financial Statements
Expert Answer
The Accounting Cycle:In the accounting cycle the transactions are analysed first. then the transactions are journalised,