Question: what are accounting cycle steps?
Answer: Step 1: Identify Transactions. ...  Step 2: Record Transactions in a Journal. ...  Step 3: Posting. ...  Step 4: Unadjusted Trial Balance. ...  Step 5: Worksheet. ...  Step 6: Adjusting Journal Entries. ...  Step 7: Financial Statements. ...  Step 8: Closing the Books.