Which of the Following Is Done First at the End

question 91

Multiple Choice

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

• A)Prepare adjusting journal entries.
• B)Prepare a post closing trial balance.
• C)Prepare closing journal entries.
• D)Prepare the statement of retained earnings.

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Definitions:

Need to Connect

The human desire to form and maintain personal relationships and emotional bonds with others.

People's Need

Fundamental requirements that individuals seek to fulfill, such as physiological necessities, safety, love, and self-esteem.

Identify Target Audience

The process of defining a specific group of consumers most likely to be interested in a company's product or service.

Social Media Campaign

A coordinated marketing effort on social media platforms that aims to reinforce or assist with a business goal using one or more social media platforms.