Tyler works as an accountant for a mid-sized retail store.He has just completed a trial balance that resulted in no unexpected problems.Tyler's next task is likely to be:
A)Conducting the full audit.
B)Preparing a tax return for the company.
C)Preparing the store's balance sheet and other major financial statements.
D)Presenting the trial balance to the company owners.

Question

Quizplus · Accepted Answer

After completing a trial balance, the next logical step for Tyler would be to prepare the store's balance sheet and other major financial statements to provide a clear picture of the company's financial position. Conducting a full audit may be necessary in the future, but it is not the immediate next step. preparing a tax return for the company is outside the scope of Tyler's accounting responsibilities. Presenting the trial balance to the company owners is not the next essential step, as they would be more interested in the broader financial picture provided by the balance sheet and other financial statements.

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