Immediately after the adjusting entries are posted,the next step in the general ledger and reporting system is to prepare
A)an adjusted trial balance.
B)closing entries.
C)financial statements.
D)an unadjusted trial balance.

Question

Quizplus · Accepted Answer

The next step after posting the adjusting entries is to prepare an adjusted trial balance. This trial balance lists all the accounts with their updated balances after the adjusting entries are made. It is used to ensure that the total debits equal the total credits and to prepare the financial statements. Closing entries come after the financial statements are prepared. An unadjusted trial balance is prepared before the adjusting entries are made.

Immediately After the Adjusting Entries Are Posted,the Next Step in the General