Multiple Choice
Which of the following is the final step in the accounting cycle?
A) Journalizing
B) Preparing an adjusted trial balance
C) Preparing a post-closing trial balance
D) Preparing the statements
E) Preparing a work sheet
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: Reversing entries are optional.
Q72: For a partnership, the equity section is
Q73: The accounting cycle refers to the steps
Q74: Another name for income summary accounts is<br>A)
Q75: The Income Summary account is a(n)<br>A) Temporary
Q76: The Income Summary account is used to
Q78: After posting the entries to close all
Q80: Reversing entries are<br>A) Optional<br>B) Linked to accrued
Q81: The Unadjusted Trial Balance columns of the
Q82: The following account balances are taken from