Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 12 - No. 16)

What is the correct order of the accounting cycle?

Transactions, Journal, Ledger, Trial Balance, Financial Statements

Ledger, Transactions, Journal, Trial Balance, Financial Statements

Journal, Ledger, Transactions, Trial Balance, Financial Statements

Transactions, Trial Balance, Journal, Ledger, Financial Statements

Explanation

The cycle begins with transactions, which are journalized, posted to the ledger, and then used to create a trial balance, and finally, financial statements.

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 12 - No. 16)

Explanation

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