Q272
What is the next step to Journalizing in accounting cycle?
A.
Recording
B.
Posting
AnswerC.
Balancing
D.
Analyzing
Answer: Option B
Solution
Answer: Option B
Solution:
Posting is the next step to Journalizing in accounting cycle. 10 Steps of Accounting Cycle are; Analyzing and Classify Data about an Economic Event. Journalizing the transaction. Posting from the Journals to General Ledger. Preparing the Unadjusted Trial Balance. Recording Adjusting Entries. Preparing the Adjusted Trial Balance. Preparing Financial Statements.