front 1 Step 1 | back 1 Analyze Business transactions |
front 2 Step 2 | back 2 Record Journal entries |
front 3 Step 3 | back 3 Post to general ledger accounts |
front 4 Step 4 | back 4 Prepare a trial balance |
front 5 Step 5 | back 5 Journalize and post adjusting journal entries |
front 6 Step 6 | back 6 Prepare adjusted trial balance |
front 7 Step 7 | back 7 Prepare financial statements |
front 8 step 8 | back 8 journalize post closing entries |
front 9 Step 9 | back 9 Prepare |
front 10 General ledger | back 10 arrangment of ALL OF A COMPANYS ACCOUNTS IN ORDER |
front 11 Which has more accounts, the general ledger or the chart of accounts? | back 11 tHE CHART OF ACCOUNTS |
front 12 Trial Balance | back 12 is a listing of all of a company's accounts with their respective balances in columnar form |
front 13 What is the first financial statement | back 13 Income Statement |
front 14 Income statement includes | back 14 Revenue and Expense accounts |
front 15 What is the second financial statement | back 15 Statement of Retained Earnings |
front 16 Statement of Retained Earnings includes | back 16 Retained Earnings both Beginning and Ending, and Dividends Account |
front 17 What is the third financial statement | back 17 Balance Sheet |
front 18 Balance Sheet includes | back 18 Asset, Liability and Equity, NO DIVIDENDS |
front 19 What is fourth financial statement | back 19 Statement of Cash FLows |
front 20 All financial statements must contain | back 20 name of company, name of financial statement, date |
front 21 The balance sheet lists a company position at | back 21 a specific point in time |