Accounting Cycle

  1. Step 1
    Analyze transactions.
  2. Step 2
    Journalize.
  3. Step 3
    Post from journal to ledger.
  4. Step 4
    Prepare unadjusted trial balance.
  5. Step 5
    Adjust to bring account balances up to date.
  6. Step 6
    Prepare adjusted trial balance.
  7. Step 7
    Use adjusted trial balance to prepare financial statements.
  8. Step 8
    Journalize and post entries to close temp accounts.
  9. Step 9
    Prepare post-closing trial balance.
Author
Elliott108nl
ID
214152
Card Set
Accounting Cycle
Description
Steps in the Accounting Cycle
Updated