The Accounting Cycle
10:30
YouTubeSteven Force
The Accounting Cycle
Reviewing the nine steps of the accounting cycle. 1. Analyze business transactions 2. Journalize the transactions 3. Post to ledger 4. Prepare a trial balance 5. Journalize and post adjusting entries 6. Prepare an adjusted trial balance 7. Prepare financial statements 8. Journalize and post closing entries 9. Prepare a post-closing trial balance
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