After the worksheet has been completed,the next step in the accounting cycle is to
A) journalize the closing entries.
B) post the closing entries.
C) prepare the post-closing trial balance.
D) prepare the financial statements.

Question

Quizplus · Accepted Answer

After completing the worksheet, the next step in the accounting cycle is to prepare the financial statements, which summarize the financial activities and position of the business.

After the Worksheet Has Been Completed,the Next Step in the Accounting