Which of the Following Steps Must Be Completed Before Preparing

question 167

Multiple Choice

Which of the following steps must be completed before preparing the adjusted trial balance?

• A)preparing the post-closing trial balance
• B)posting of journal entries to the accounts
• C)preparation of the closing entries
• D)preparation of the financial statements

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Definitions:

Positive Effect

A beneficial outcome or impact resulting from a specific cause or action.

Business Messages

Communication in a corporate setting, aimed at sharing information, making requests, or giving directives within or outside the company.

Conversational Language

A relaxed and informal language style similar to everyday spoken dialogue, often used in personal communications or to create a friendly tone in writing.

Goodwill

The positive reputation and brand value that a business acquires beyond its tangible assets, often affecting customer loyalty and market value.