Multiple Choice
In which order do these steps in the accounting cycle occur?
I Prepare reversing entries
Ii Prepare financial statements
Iii Prepare closing entries
Iv Prepare an adjusted trial balance
V Prepare adjusting entries
A) iii, v, i, iv, ii
B) v, iii, iv, i, ii
C) iv, iv, iii, ii, i
D) v, iii, i, ii, iv
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The correct closing entry for the bank
Q2: Which of the following is the correct
Q3: Which of these is not a purpose
Q5: Dividends declared near the end of an
Q6: The post-closing trial balance contains only:<br>A) balance
Q7: Which of the following statements relating to
Q8: In which order do these steps in
Q9: Which of the following is the correct
Q10: Income and expense accounts can be referred
Q11: Which accounts are closed in the closing