Multiple Choice
In the accounting cycle, the last step is
A) preparing the financial statements
B) journalizing and posting the adjusting entries
C) preparing a post-closing trial balance
D) journalizing and posting the closing entires
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: An indication that the end-of-period spreadsheet columns
Q196: Use this end-of-period spreadsheet to answer the
Q197: Indicate whether each of the following would
Q198: Which of the accounts below would not
Q199: Prior to adjustment at August 31, Salary
Q200: The income summary account is closed to
Q202: A summary of selected ledger accounts appears
Q203: Use the adjusted trial balance for Stockton
Q205: A net loss appears on the end-of-period
Q206: After net income is entered on the