The Last Step in the Accounting Cycle Is to

question 36

Multiple Choice

The last step in the accounting cycle is to

• A) prepare a post-closing trial balance.
• B) journalize and post closing entries.
• C) prepare financial statements.
• D) journalize and post adjusting entries.

---

Definitions:

Strategic Plans

Documents that outline an organization's goals and the strategies it will employ to achieve them over a specific period.

Building Relationships

The process of developing and maintaining connections with individuals or groups, often based on mutual respect and cooperation.

Strategic Plan

A systematic process for defining a strategy or direction and making decisions on allocating resources to pursue this strategy.

Customer Problem

An issue or challenge faced by consumers that businesses aim to solve with their products or services, often driving innovation.