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what is the seventh step of the accounting cycle? analyze business tran…

Question

what is the seventh step of the accounting cycle? analyze business transactions post transactions as journal entries create a trial balance

Explanation:

Brief Explanations

The accounting cycle has several steps. Analyzing business transactions is the first step, posting transactions as journal - entries is the second, and creating a trial balance is the third. Preparing financial statements comes later in the cycle, specifically the seventh step.

Answer:

None of the above. The seventh step of the accounting cycle is preparing financial statements.