Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 45 - No. 34)

What is the general order of items in the accounting cycle?

Journalizing, Posting, Trial Balance, Financial Statements

Posting, Journalizing, Trial Balance, Financial Statements

Financial Statements, Trial Balance, Journalizing, Posting

Journalizing, Financial Statements, Posting, Trial Balance

Explanation

Transactions are first recorded in the journal, then posted to the ledger, a trial balance is prepared, and finally financial statements are generated.

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 45 - No. 34)

Explanation

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