Which of the following steps of the accounting cycle comes last?
A) Journalize and post adjusting entries
B) Journalize and post closing entries
C) Prepare financial statements
D) Post closing trial balance

Question

Quizplus · Accepted Answer

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

Which of the Following Steps of the Accounting Cycle Comes