Respuesta :
Answer:
Explanation:
Prepare a post-closing trial balance.Step 9
Prepare an adjusted trial balance.Step 6
Analyze business transactions.Step 1
Prepare a trial balance.Step 4
Journalize the transactions.Step 2
Journalize and post closing entries.Step 8
Prepare financial statements.Step 7
Journalize and post adjusting entries.Step 5
Post to ledger accounts.Step 3
The correct order of the following steps in the accounting cycle is -
Step 1: Analyze business transactions.
Step 2: Journalize the transactions.
Step 3: Post to ledger accounts.
step 4: Prepare a trial balance.
Step 5: Journalize and post adjusting entries.
Step 6: Prepare an adjusted trial balance.
Step 7: Prepare financial statements
Step 8: Journalize and post closing entries.
Step 9: Prepare a post-closing trial balance.
Accounting cycle:
An accounting cycle is a process of recording, identifying, and analyzing accounting events and activities for a particular accounting period. This accounting period could be monthly, quarterly, annual, or for any specific period.
The accounting cycle is a series of steps starting with recording business transactions and leading up to the preparation of financial statements. This financial process demonstrates the purpose of financial accounting–to create useful financial information in the form of general-purpose financial statements.
Learn more about accounting cycle, refer:
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