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Question
what is the seventh step of the accounting cycle? analyze business transactions post transactions as journal entries create a trial balance
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.
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None of the above. The seventh step of the accounting cycle is preparing financial statements.