Which of the following is the usual last step in the accounting cycle?
A) Preparing the adjusted trial balance.
B) Preparing the financial statements.
C) Preparing a post-closing trial balance.
D) Preparing an unadjusted trial balance.
Correct Answer:
Verified
Q201: A closing entry may include a:
A)debit to
Q202: If adjustments to the financial statements were
Q203: Boston Enterprises declared and paid a dividend
Q204: Permanent accounts are found on:
A)the balance sheet.
B)the
Q205: Which of the following would understate net
Q207: The closing entry for dividends involves a
Q208: Which of the following steps is performed
Q209: In the closing process,expenses and dividends are
Q210: Dividends:
A)are an expense of doing business.
B)are a
Q211: An error must have been made if
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