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A2: Steps
Question | Answer |
---|---|
1. | Collecting a n d verifying source documents |
2. | Analyzing business transactions |
3. | Journalizing business transactions |
4. | Posting journal entries to ledgers |
5. | Preparing a trial balance |
6. | Completing the work sheet |
7. | Preparing financial statements |
8. | Journalizing and posting adjusting entries |
9. | Journalizing and posting closing entries |
10. | Preparing a post-closing trial balance |