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Which is the correct order of steps in the accounting cycle?

A. Prepare financial statements, prepare adjusting entries, prepare closing entries, and prepare a post-closing trial balance.

B. Journalize and post transactions, journalize and post adjusting entries, journalize and post closing entries.

C. Journalize and post transactions, journalize and post closing entries, journalize and post adjusting entries.

D. Post transactions, journalize transactions, prepare a trial balance, and prepare financial statements.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437874

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