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Soloha48 [4]
3 years ago
11

All of the following are required steps in the accounting cycle except: Select one:

Social Studies
1 answer:
Triss [41]3 years ago
8 0

Preparing a post-closing trial balance.

Answer: Option C

<u>Explanation:</u>

The accounting cycle is a step wise procedure that a company has to follow to complete a bookkeeping task. It is important to record, analyze and produce a final report on the financial activity of a business.

The important steps in the accounting cycle are Identifying transactions, to maintain record transactions in a journal, posting in general ledger, unadjusted trial balance, a worksheet to check if the credit and debit are equal, adjusting journal entries, generating financial statement and closing the books.

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