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.