Horst works as an accountant for a mid-sized retail store.He has just completed a trial balance that turned up no unexpected problems.Horst's next major task is likely to be:

Question

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Since the trial balance has turned up no unexpected problems, the next task for Horst is to prepare the store's balance sheet and other major financial statements, which are crucial for the accounting cycle. The full audit is typically done later in the cycle, and tax return preparation is usually done by tax accountants, not regular accountants like Horst. Taking a vacation may be a nice reward, but it's not a necessary or typical next step in the accounting cycle.

Horst Works as an Accountant for a Mid-Sized Retail Store