Consider the adjustment process at the end of the accounting period.1.Record the adjusting entries in the journal.2.Prepare an adjusted trial balance to check the equality of the debits and credits.3.Determine the accounts requiring adjustment,using the unadjusted trial balance.4.Post the adjusting entries to the general ledger.Place the items in the proper order.
A)1,4,3,2.
B)1,2,4,3.
C)3,4,2,1.
D)3,1,4,2.

Question

Quizplus · Accepted Answer

The correct order for the adjustment process at the end of the accounting period is to first determine the accounts requiring adjustment using the unadjusted trial balance, then record the adjusting entries in the journal, post these adjusting entries to the general ledger, and finally prepare an adjusted trial balance to check the equality of debits and credits.

Consider the Adjustment Process at the End of the Accounting