064956 accounting basics : lesson 7 mcq

    Question 1 of 20 The first step of the accounting cycle is to A. record journal entries.             B. post to the ledger.     C. prepare a trial balance.             D. analyze business transactions.                Question 2 of 20 The 12-month period a business chooses for its accounting period is a/an A. calendar year.              B. accounting period.     C. fiscal year.      D. accounting cycle.          Question 3 …

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