Accounting Cycle Problems

Junior problems | Senior problems | Advanced problems | Journals and Ledgers

Omnis Mus is an accounting cycle practice set with a variety of different problems. Each problem involves entering transactions and having them posted to a ledger in order to prepare updated financial statements and other reports.

To do an Omnis Mus accounting cycle problem you need:

Each problem indicates which database is required. Databases can be downloaded at databases.cshtml

Doing a Cycle Problem: Step by Step

Problem Descriptions

The Omnis Mus accounting system contains five journals, three ledgers, and an inventory file, as shown in the figure below.


Omnis Mus System Components (Click to Expand)

The General Journal and General Ledger are used in all problems.

Systems Components describes the complete five-journal system.