Which of the following steps in the accounting cycle may be performed more frequently than annually?
A) Prepare a post-closing trial balance.
B) Journalize closing entries.
C) Post closing entries.
D) Prepare a trial balance.

Question

Quizplus · Accepted Answer

A trial balance is often prepared more frequently than annually, such as monthly or quarterly, to ensure that debits and credits are balanced and to assist in preparing financial statements.

Which of the Following Steps in the Accounting Cycle May