Question

List the following steps of the accounting cycle in their proper order.

a. Posting the journal entries.

b. Journalizing and posting adjusting entries.

c. Preparing the adjusted trial balance.

d. Journalizing and posting closing entries.

e. Analyzing transactions and events.

f. Preparing the financial statements.

g. Preparing the unadjusted trial balance.

h. Journalizing transactions and events.

i. Preparing the post-closing trial balance

Short answer

Answer:

There are nine steps in the accounting cycle. Order of steps: e, h, a, g, b, c, f, d, i.

Step-by-step solution

Step-by-Step Solution

Step 1: Definition of the accounting cycle

It is the process in which all accounting steps are included.

Proper list

1. Analysing transactions and events
2. Journalizing transactions and events
3. Posting the journal entries
4. Preparing the unadjusted trial balance
5. Journalizing and posting adjusting entries
6. Preparing the adjusted trial balance
7. Preparing the financial statements
8. Journalizing and posting closing entries.
9. Preparing the post-closing trial balance