Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Identify which of the following steps in the accounting cycle is optional.
◇ Closing journal entries
◇ Reversing journal entries
◇ Adjusted trial balance
O Adjusting journal entries

Sagot :

GinnyAnswer

Final answer:

Reversing journal entries are the optional step in the accounting cycle.


Explanation:

Reversing journal entries is the optional step in the accounting cycle. While closing journal entries, adjusted trial balance, and adjusting journal entries are essential steps to ensure accurate financial reporting, reversing journal entries are not always required.


Learn more about Accounting cycle here:

https://brainly.com/question/40421615


Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.