Which of the following depicts the proper sequence of steps in the accounting cycle?

Business

1 answer:

ycow [4]3 years ago

5 0

Answer:

Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements

Explanation:

The accounting cycle sequence is given as under:

Analyzing the business
Journalize the Transactions
Post to Ledger Accounts
Prepare a Trial Balance
Posting adjusting entries and Preparing an adjusted trial balance
Preparing the financial statements
Journalize and post closing entries
Prepare a post closing trial balance and financial statement

So we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.

You might be interested in

Martin wrote Dall and offered to sell Dall a building for $200,000. he offer stated it would expire 30 days from April 1. Martin

ryzh [129]

Answer:

If the offer is rejected by the Dall then the offer is no more in place. The particular reason is that Martin is not required to tell Dall that the offer is no more in place. Suppose Martin is wishing to close his offer and till now Dall has not declined the offer. So Martin will have to communicate Dall that the offer is been closed. If Dall has communicated Martin that he has rejected the offer, then this means the offer essence has vanished. Hence Martin has no liability towards Dall, if Dall sues him.

7 0

3 years ago

Help i need help please

alukav5142 [94]

C passing down from generation to generation is genetics

4 0

3 years ago

Which two quantities does a budget balance?

FrozenT [24]

Income and spending..

6 0

3 years ago

Farmer Jones raises several hundred acres of corn and would suffer a significant loss should the price of corn decline at harves

evablogger [386]

Answer:

The correct answer is C. hedging.

Explanation:

Coverage, in finance, is the set of operations aimed at canceling or reducing the risk of a financial asset or liability in the possession of a company or an individual. Funds created for this purpose are called hedge funds.

The hedging operations consist of the acquisition or sale of a financial asset that is correlated with the element on which the coverage is to be established. Said acquisition or sale may be of shares, indices, interest rates, options, futures, etc.

7 0

3 years ago

Zoe's new job will require her to drive a farther distance. She budgets 10 percent more for gas, for a total of 20 percent for g

Anna [14]

Answer:

The answer is A.Entertainment 10%, Clothing 10%.

Explanation:

3 0

3 years ago