Place the six steps of the accounting cycle in the correct order. Rank the options below.

a. Prepare financial statements.open choices for ranking
b. Analyze financial statements.open choices for ranking
c. Take a trial balance.open choices for ranking
d. Transfer (post) journal entries to ledger.open choices for ranking
e. Record transactions in journals.open choices for ranking
f. Analyze source documents (sales slips, travel records, etc.).

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Baraq

Considering the steps listed in the question, the six steps of the accounting cycle in the correct order is option F => E => D => C => A => B.

This is entirely written below for better understanding.

First step: (F) Analyze source documents (sales slips, travel records, etc.). -- this is known as analyzing cycle.

Second step: (E) Record transactions in journals. -- this is known as recording cycle

Third step: (D) Transfer (post) journal entries to the ledger; -- this is known as classifying cycle.

Fourth step: (C) Take a trial balance; -- this is known as the summarizing cycle.

Fifth step: (A) Prepare financial statements; -- this is known as the reporting cycle.

Sixth step: (B) Analyze financial statements -- this is known as the interpretation cycle.

Hence, in this case, it is concluded that the correct answer is "option F => E => D => C => A => B."

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