Multiple Choice Questions on The accounting cycle is ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

The accounting cycle is ........

General Accounting Principles Accounting cycles
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The accounting cycle is:

 transaction analysis – journal- subsidiary books- trial balance

Incorrect Answer

Transaction analysis- journal – ledger – Trial Balance

Incorrect Answer

Subsidiary books- journal – ledger – Trial Balance

Incorrect Answer

None of above

Correct Answer
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Explanation:

Defining the accounting cycle with steps:
 (1) Financial transactions, 
 (2)Journal entries,
 (3) Posting to the Ledger, 
(4) Preparation of Trial Balance  and 
(5) Preparation & analysis of financial statements

Let's Discuss

Jashandeep Kaur

D option is correct since the cycle involves analysis of financial statements

0 0 reply

Ankur sharma

option D is correct

0 0 reply
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