Accounting Cycle Flashcards

1
Q

Analyzing Transaction

A

Step 1

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2
Q

Journalize Transaction

A

Step 2

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3
Q

Post to the Ledger

A

Step 3

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4
Q

Prepare a Trail Balance

A

Step 4

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5
Q

Adjusting the Accounts

A

Step 5

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6
Q

Prepare Financial Statement

A

Step 6

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7
Q

Close the Accounts

A

Step 7

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