During the Performance of the Steps in the Accounting Cycle,the

question 108

Essay

During the performance of the steps in the accounting cycle,the trial balance and the adjusted trial balance are prepared at two key points.Using specific names where applicable,discuss the time of preparation and the purpose served by both of these trial balances.

---

Definitions:

Strength

The capacity to withstand force or stress; often used to describe the robustness of materials, structures, or character.

Threat

A warning or indication of a possible danger, harm, or adverse condition.

Market Segment

A group of potential customers with similar needs, characteristics, or behaviors who might require separate products or marketing mixes.

Strategic Marketing Process

A systematic approach to identifying and evaluating market opportunities, developing marketing strategies, and implementing and monitoring marketing plans.