Which of the following correctly states the proper order of the accounting cycle?
A. Record transactions, adjust accounts, close temporary accounts, prepare statements.
B. Adjust accounts, record transactions, close temporary accounts, prepare statements.
C.Record transactions, adjust accounts, prepare statements, close temporary accounts.
D. Adjust accounts, prepare statements, record transactions, close temporary accounts.
Answer:C
Which of the following correctly states the proper order of the accounting cycle?
A. Record transactions, adjust accounts, close temporary accounts, prepare statements. B. Adjust accounts, record transactions, close temporary accounts, prepare statements. C.Record transactions, adjust accounts, prepare statements, close temporary accounts. D. Adjust accounts, prepare statements, record transactions, close temporary accounts.