Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.