Accounting Cycle

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Step 1

Analyze transactions.
Step 2

Journalize.
Step 3

Post from journal to ledger.
Step 4

Prepare unadjusted trial balance.
Step 5

Adjust to bring account balances up to date.
Step 6

Prepare adjusted trial balance.
Step 7

Use adjusted trial balance to prepare financial statements.
Step 8

Journalize and post entries to close temp accounts.
Step 9

Prepare post-closing trial balance.

Author

Elliott108nl

ID

214152

Card Set

Accounting Cycle

Description

Steps in the Accounting Cycle

Updated

2013-04-18T00:39:16Z

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