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Which of the steps in the accounting cycle does not occur

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Reference no: EM132998185

Problem 1: In comparing the operation of a manual accounting system with a computerised system, which of the following steps in the Accounting cycle does not occur automatically in a computerised system?

a. Journalise transactions
b. Post to ledger accounts
c. Prepare financial reports
d. Prepare to trial balance
e. Prepare closing entries

Reference no: EM132998185

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