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ACCT110 ACCT CYCLE
10 STEPS IN CYCLE
| Term | Definition |
|---|---|
| 1 | Analyze transactions |
| 2 | Journalize |
| 3 | Post |
| 4 | Prepare unadjusted trial balance |
| 5 | Adjust |
| 6 | Prepare an adjusted trial balance |
| 7 | Prepare statements |
| 8 | Close |
| 9 | Prepare a post-closing trial balance. |
| 10 | Reverse (optional) |