The Accounting Cycle begins with which of the following?

A. Occurence of a transaction

B. Including transactions in financial statements

C. Recording Journal Entries

D. None of the Above

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