Accounting Cycle Order Flashcards
(9 cards)
0
Q
Accounting entries recorded in the journal
A
2)
1
Q
Transactions occur and source documents are gathered
A
1)
2
Q
Journal entries posted to the ledger accounts
A
3
3
Q
Ledger balanced by means of a trial balance
A
4)
4
Q
Work sheet prepared
A
5)
5
Q
Formal income statement and balance sheet prepared
A
6)
6
Q
Adjusting entries journalized and posted
A
7)
7
Q
Closing entries journalized and posted
A
8)
8
Q
Post closing trial balance
A
9)
