The final step in the accounting cycle is to ________.
A) prepare an adjusted trial balance
B) close temporary accounts
C) prepare a post-closing trial balance
D) prepare financial statements

Question

Quizplus · Accepted Answer

The final step in the accounting cycle is to prepare a post-closing trial balance, which ensures that all temporary accounts have been closed and the ledger is ready for the next accounting period.

The Final Step in the Accounting Cycle Is to ________