All of the following activities are performed on a daily basis EXCEPT for
A) collecting source documents.
B) determining the impact of a transaction on the company's financial position.
C) preparing the journal entries.
D) preparing the trial balance.

Question

Quizplus · Accepted Answer

Preparing the trial balance is not typically done on a daily basis. It is usually prepared at the end of an accounting period to ensure that debits equal credits after all transactions have been recorded.

All of the Following Activities Are Performed on a Daily