The Final Step in the Accounting Cycle Is to Prepare

question 137

Multiple Choice

The final step in the accounting cycle is to prepare

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

---

Definitions:

Religious Fast

A period of abstinence from all or some kinds of food or drink, often observed due to religious reasons.

Strong Inclination

A powerful tendency or preference towards a particular thinking, feeling, or action.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.

Spiritual Wellness

A state of being related to one's inner belief system and sense of purpose, contributing to an individual's overall well-being by providing peace, meaning, and balance.