Accounting Cycle

Accounting Cycle

9th - 12th Grade

8 Qs

quiz-placeholder

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Accounting Cycle

Accounting Cycle

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Travisray Salyers

Used 18+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step of the Accounting Cycle

Posting

Journalizing

Preparing Financial Statements

Analyzing Transactions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the second step of the Accounting Cycle

Preparing a Post-Closing Trial Balance

Prepare Work Sheet

Posting

Journalizing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the third step of the Accounting Cycle

Prepare Work Sheet

Posting

Journalizing

Journalize and Post Adjusting Entries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fourth step of the Accounting Cycle

Prepare Financial Statements

Posting

Prepare Work Sheet

Adjustments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fifth step of the Accounting Cycle?

Posting

Journalizing & Post Adjusting Entries

Journalize & Post Closing Entries

Prepare a Post-Closing Trial Balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the sixth step of the Accounting Cycle?

Prepare Financial Statements

Journalize & Post Closing Entries

Journalize & Post Adjusting Entries

Prepare Work Sheet

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the seventh step of the Accounting Cycle?

Journalize & Post

Journalize & Post Adjusting Entries

Journalize & Post Closing Entries

Closing Entries

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the eighth step of the Accounting Cycle?

Prepare a Post-Closing Trial Balance

Trial Balance

Adjustments

Closing