Multiple Choice
Some of the steps in the accounting cycle are listed below.Select the choice that places these steps in the correct order.
1. Close the accounts.
2. Post transactions to ac counts in the ledger
3. Journalize daily transactions.
4. Record and post adjustments.
5. Prepare financial statements.
A) 2,3,4,5,1
B) 3,2,4,5,1
C) 3,2,4,1,5
D) 3,2,5,4,1
Correct Answer:
Verified
Correct Answer:
Verified
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