Which of the following is performed first at the end of each accounting period?

Name: Which of the following is performed first at the end of each accounting period?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Adjusting entries are made first at the end of each accounting period to update accounts and ensure accurate financial statements. Closing journal entries and the statement of retained earnings come later in the closing process, and a post-closing trial balance is not prepared until after the closing process is complete.

Which of the Following Is Performed First at the End