Which of the following sequence of actions describes the proper order in the accounting cycle?A. journalize, post, close, prepare financial statements, adjust, and analyze transactionsB. prepare financial statements, journalize, post, adjust, analyze transactions, and closeC. analyze transactions, journalize, post, adjust, prepare financial statements, and closeD. post, close, prepare financial statements, adjust, analyze transactions, and journalize
Question 36 of 402.5/ 2.5 PointsIf current assets are $60,000 and current liabilities are $50,000, the current ratio is __________.
Question 37 of 400.0/ 2.5 PointsWhich analysis deals with the percentage of changes in certain items over several years?
Question 38 of 402.5/ 2.5 PointsAn account in which the balance is not carried over from one accounting period to the next is called a __________.
Question 39 of 402.5/ 2.5 PointsClosing entries __________.A. need not be journalized since they appear on the worksheet