we have learned and completed all the steps in the accounting cycle, from analyzing business transactions through preparation of the post-closing trial balance. it is essential that these steps are completed correctly and in the proper order. for this portion of your midterm exam identify the 10 steps in the accounting cycle and explain the purpose of each step in a short paragraph. as you are writing please keep in mind that the question is asking for the purpose each step, not how it is completed! when thinking about the purpose of a step consider why we are completing it or what it tells us after it is completed. please complete the essay on this document below the instructions and rubric. it may be completed in a listing format rather than apa style.
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