MANAGEMENT

Detailed explanation-1: -The first four steps in the accounting cycle are (1) identify and analyze transactions, (2) record transactions to a journal, (3) post journal information to a ledger, and (4) prepare an unadjusted trial balance.

Detailed explanation-2: -1. Identify and analyze transactions. The first step in the accounting cycle is to identify and analyze all transactions made during the accounting period, including expenses, debt payments, sales revenue and cash received from customers.

Detailed explanation-3: -Explanation: The accounting cycle step starts with transactions and is followed by journal entries, ledger posting, trial balance, worksheet, adjusting entries, financial statement, and ends with closing the books.

Detailed explanation-4: -Which is the correct order of steps in the accounting cycle? Journalize and post transactions, journalize and post adjusting entries, journalize and post closing entries.

Detailed explanation-5: -The first step of accounting process is identifying the financial transactions.