📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    What is the first step in the accounting cycle?

    A Posting to the ledger Correct Answer Incorrect Answer
    B Preparing financial statements Correct Answer Incorrect Answer
    C Recording transactions in the journal Correct Answer Incorrect Answer
    D Analyzing business transactions Correct Answer Incorrect Answer

    Solution

    The first step in the accounting cycle is to analyze business transactions.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call