In the Accounting Cycle, the Last Step Is

question 201

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 entires

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Definitions:

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Formula Button

A button in spreadsheet software used to summon the formula bar or insert mathematical operations into cell calculations.

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The section at the top of a document, often containing the title, author, date, and page number.

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An ancient numeral system originating from Rome, using combinations of letters from the Latin alphabet (I, V, X, L, C, D, M) to denote numbers.