The Accounting Cycle ends with which of the following?

A. Recording transactions in Journal Entries.

B. A Post Closing Trial Balance

C. Occurence of a transaction

D. None of the Above

Which of the following tools is used to show a balance between Credits and Debits in the Journal Entries?

A. Date of Transaction

B. T-Accounts

C. Balance Sheet

D. None of the Above

T-Accounts are charts for recording which of the following?

A. Balance Sheets

B. Profits

C. Fraud Prevention

D. Transactions

When performing a Post Closing Trial Balance, where do your Assets go?

A. Under Debits

B. Under Credits

C. They should equal zero

D. They are not on the post closing trial balance