Multiple choice

The flow of financial data through the accounting information system does NOT include

  1. analyzing transactions.

  2. journalizing and posting transactions.

  3. preparing a trial balance.

  4. paying an account payable.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The accounting cycle consists of analyzing, journalizing, posting, and preparing financial statements. Paying an account payable is a specific business transaction, not a step in the accounting information system process.

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