« previous next »

Author Question: Show the proper chronological order of the following steps in the accounting cycle by writing 1. for ... (Read 101 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 5, 2018
Show the proper chronological order of the following steps in the accounting cycle by writing 1. for the first step through 8. for the last step.
 
  ________ a. Prepare the financial statements
  ________ b. Prepare an unadjusted trial balance
  ________ c. Record journal entries in the journal
  ________ d. Close the temporary accounts
  ________ e. Post the journal entries to the general ledger
  ________ f. Prepare an adjusted trial balance
  ________ g. Prepare a postclosing trial balance
  ________ h. Prepare and post adjusting journal entries

Question 2

The ratio of sales to assets measures how effectively a business is using its assets to generate sales.
 a. True
  b. False
 
   Indicate whether the statement is true or false


maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 5, 2018
Answer to Question 1

a. 6,
b. 3,
c. 1,
d. 7,
e. 2,
f. 5,
g. 8,
h. 4

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

O2 Cycle O2 Cycle
The calvin cycle The calvin cycle
Proper bicycle safety Proper bicycle safety
The Primate order displays a diversity of ways of moving around. The Primate order displays a diversity of ways of moving around.
The Four Steps of The Cell Cycle The Four Steps of The Cell Cycle
Steps in homologous recombination repair of double-stranded breaks Steps in homologous recombination repair of double-stranded breaks
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library