may involve any combination of accounts.
is a required step in the accounting cycle.
must involve one balance sheet account and one income statement
account
2) A double rule applied to accounts in the ledger during the closing
process implies that
the account balance is not zero.
a mistake has been made, since double ruling is prescribed.
the account is a temporary account.
the account is a balance sheet account
3) The first required step in the accounting cycle is
posting transactions.
reversing entries.
journalizing transactions in the book of original entry.
analyzing transactions.
4) Which of the following steps in the accounting cycle would not
generally be performed daily?
Analyze business transactions.
Prepare adjusting entries.
Journalize transactions.
Post to ledger accounts