Answer with explanation Which of the following is NOT part of theaccounting cycle?a) Journalizing transactionsb) Preparing a tax returnc) Preparing financial statementsd) Posting to the ledger

Explanation of Journalizing Transactions:Journalizing transactions is the process of recording all…

Answered: Which of the following is NOT part of…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter5: Closing Entries And The Post-closing Trial Balance

Section: Chapter Questions

Problem 5DQ: What is the purpose of the Income Summary account? How does it relate to the revenue and expense...

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Which of the following is NOT part of the accounting cycle? a) Journalizing transactions b) Preparing a tax return c) Preparing financial statements d) Posting to the ledger