Solved

After the Transactions Have Been Posted, the Next Step in the Accounting

Question 46

Multiple Choice

After the transactions have been posted, the next step in the accounting cycle is to:


A) prepare the post-closing trial balance.
B) prepare the worksheet.
C) journalize and post the adjusting entries.
D) prepare the financial statements.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q41: The postclosing trial balance lists only the

Q42: In the closing procedure, the total of

Q43: "Closing" is written in the Description column

Q44: The first two closing entries to the

Q45: Which of the following accounts will not

Q47: The trial balance is prepared to make

Q48: One purpose of closing entries is to:<br>A)reduce

Q49: On December 31, the ledger of Hartley

Q50: Listed below in random order are the

Q51: The entry to transfer a net loss