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Organize the steps in the accounting cycle in proper order

Organize the steps in the accounting cycle in proper order

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Answer: Following are the steps in the accounting cycle ;

  1. Analyzing and recording transactions via journal entries
  2. Posting journal entries to ledger accounts
  3. Preparing unadjusted trial balance
  4. Preparing adjusting entries at the end of the period
  5. Preparing adjusted trial balance
  6. Preparing financial statements
  7. Closing temporary accounts via closing entries
  8. Preparing post-closing trial balance

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