Which of the following steps of the accounting cycle is not completed at the end of the period? A. Journalize transactions as they occur. B. Journalize and post the closing entries. C. Prepare the post-closing trial balance. D. Prepare the financial statements.

The steps of the accounting cycle that cannot be considered to be completed at the end of the period is :A. Journalize transactions as they occur.

In accounting, Journalizing serves as practice of documenting a business transaction by carrying out recording of the records.

For Record-keeping, there should be a detail-oriented skill as well as requires commitment.

Therefore, option A is correct because the accounting cycle is not completed at the end of the period.

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The correct answer is letter "A": Journalize transactions as they occur.

Explanation:

The accounting record-keeping of a company consists of recording its economic transactions as they happen. Firms need to maintain their books up to date during the year so the information summarized at the end of the period is accurate and reflects the real situation of the institution. This last is vital if the corporation wants to make the most optimal decision to continue doing business.

Journalizing and posting the closing entries, preparing the post-closing trial balance and the financial statement are activities performed by the end of the year.

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