kiercegiles kiercegiles

07-06-2024
Business

Answered

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

Answer :

GinnyAnswer GinnyAnswer

07-06-2024

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:

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