The final step in the accounting cycle is to prepare
A) closing entries.
B) adjusting entries.
C) financial statements.
D) a post-closing trial balance.

Question

Quizplus · Accepted Answer

The final step in the accounting cycle is to prepare a post-closing trial balance. This step is done after closing entries are made and ensures that debits and credits are balanced after the closing process.

The Final Step in the Accounting Cycle Is to Prepare