The Accounting Cycle
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/9
There's no tags or description
Looks like no tags are added yet.
Last updated 7:39 PM on 3/3/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
10 Terms
1
New cards
Step 1
Analyze business transactions (daily)
2
New cards
Step 2
Journalize the transactions (daily)
3
New cards
Step 3
Post to the ledger accounts (daily)
4
New cards
Step 4
Prepare a trial balance (monthly, quarterly, annually)
5
New cards
Step 5
Journalize and post adjustments (monthly, quarterly, annually)
6
New cards
Step 6
Prepare adjusted trial balance (monthly, quarterly, annually)
7
New cards
Step 7
Prepare financial statements (monthly, quarterly, annually)
8
New cards
Step 8
Journalize and post closing entries (end of annual period)
9
New cards
Step 9
Prepare a post-closing trial balance (end of annual period)
10
New cards
Reversing entries
adjustments made at the beginning of the next accounting period
Note 
Flashcards (66)