Accounting Cycle

Front

First step in the Accounting Cycle is?

Back

Source Documents

Front

Second step in the Accounting Cycle is?

Back

Journal

Front

Third Step in the Accounting Cycle is?

Back

Ledger

Front

What is the fourth step in the Accounting Cycle?

Back

Trial Balance

Front

The Fifth step to the Accounting Cycle is?

Back

Post-Trial Balance

Front

The Sixth step in the Accounting Cycle is

Back

Financial Statements

Front

What is the Seventh step in the Accounting Cycle?

Back

Closing Entries

Front

What Financial Statement tells about the companies present condition? Options: Balance Sheet, Statement of Owner’s Equity, Statement of Cash Flow, Income Statement

Back

Balance Sheet

Front

What Financial Statement tells about the amount of Cash Flows through a company?

Back

Statement of Cash Flow

Front

What Temporary Accounts should be closed at the end of the Cycle? Options: Cash, Notes Payable, Drawings; Revenue, Drawing, Expense; Income, Merchandise, Accounts Payable

Back

Revenue, Drawing, Expense