Listing of accounting procedures


Response to the following problem:

The following is a random listing of accounting procedures. Indicate the normal sequence in which these procedures are performed.

a. Prepare financial statements.

b. Journalize closing entries.

c. Post adjusting entries to the ledger.

d. Prepare the general worksheet.

e. Journalize transaction entries.

f. Post-closing entries to the ledger.

g. Prepare adjusted trial balance.

h. Post transaction entries to the ledger.

i. Prepare post-closing trial balance.

j. Journalize adjusting entries.

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Accounting Basics: Listing of accounting procedures
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