The required steps in the accounting cycle are listed in random order below. list the steps in proper sequence.(a) prepare a post-closing trial balance.(b) prepare an adjusted trial balance.(c) analyze business transactions.(d) prepare a trial balance.(e) journalize the transactions.(f) journalize and post closing entries.(g) prepare financial statements.(h) journalize and post adjusting entries.(i) post to ledger accounts.

a) Analyze business transactions.

b) Journalize the transactions.

c) Post to ledger accounts.

d) Prepare a trial balance.

e) Journalize and post adjusting entries.

f) Prepare an adjusted trial balance.

g) Prepare financial statements.

h) Journalize and post closing entries.

i) Prepare a post-closing trial balance.

Explanation:

The accounting cycle is sequence of procedures that involves identifying, tracking and recording business transactions culminating in the preparation of the financial statement.

The accounting cycle is termed as the procedures or the steps that include the various identification, analysis, and the record of all the accounting transactions. It is the necessary and important step that culminates in the financial statement.

The organized and sequential steps of the accounting cycle are:

a) Analyze business transactions.

b) Journalize the transactions.

c) Post to ledger accounts.

d) Prepare a trial balance.

e) Journalize and post adjusting entries.

f) Prepare an adjusted trial balance.

g) Prepare financial statements.

h) Journalize and post-closing entries.

i) Prepare a post-closing trial balance.  

To know more about the sequence of the accounting cycle, refer to the link below:

link

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