The two optional steps in the accounting cycle are preparing
A) a post-closing trial balance and reversing entries.
B) a worksheet and a post-closing trial balance.
C) reversing entries and a worksheet.
D) an adjusted trial balance and a post-closing trial balance.
Correct Answer:
Verified
Q170: Closing entries are unnecessary if the business
Q171: Cash and supplies are both classified as
Q172: The information for preparing a trial balance
Q173: Closing entries are necessary for
A)permanent accounts only.
B)temporary
Q174: The Income Summary account is used
A)during interim
Q175: All of the following statements about the
Q177: The following information is for Bright Eyes
Q178: Intangible assets are
A)listed directly under current assets
Q179: A reversing entry
A)reverses entries that were made
Q180: Most companies that follow IFRS present balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents