Listed below, out of order are the steps in an accounting cycle. a) place the numbers from the above list in the order in which the steps in the accounting cycle are performed, and b) identify the steps in the accounting cycle that occur daily.

THESE ARE THE STEPS:

1. Analyze transactions from source documents

2. Journalize transactions

3. Post journal entries to general ledger account

4. Prepare unadjusted trial balance

5. Journalize adjusting entries

6. Prepare adjusted trial balance

7. Prepare financial statements

8. Journalize closing entries

9. Prepare post-closing trial balance

Answer rating: 100% (QA)

Order of accounting cycle from the given elements is as follows 1 Analyse transactions fro... View the full answer