In the Accounting Cycle, the Last Step Is

question 9

Multiple Choice

In the accounting cycle, the last step is

• A) preparing the financial statements
• B) journalizing and posting the adjusting entries
• C) preparing a post-closing trial balance
• D) journalizing and posting the closing entries

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Definitions:

Legal Writing

The practice of drafting documents and communications related to legal proceedings, laws, and regulations.

Quotations

Quotations are excerpts from a text or speech used by someone other than the original author or speaker, often cited to support an argument or illustrate a point.

Legal Writing

The practice of drafting legal documents and communications, such as contracts, laws, court opinions, and legal letters, often characterized by precision, conciseness, and clarity.

Minimize

To reduce something to the smallest possible amount or degree.