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    Question

    Which of the following is not an accounting cycle

    step?
    A Posting transactions to the general ledger Correct Answer Incorrect Answer
    B Preparing financial statements Correct Answer Incorrect Answer
    C Analyzing financial data Correct Answer Incorrect Answer
    D Scheduling customer payments Correct Answer Incorrect Answer

    Solution

    Explanation: Scheduling customer payments. The accounting cycle consists of a series of steps that are followed in the accounting process. Scheduling customer payments is not part of the accounting cycle.

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