Which of the following is the final step in the accounting cycle?
A) Journalizing
B) Preparing an adjusted trial balance
C) Preparing a post-closing trial balance
D) Preparing the statements
E) Preparing a work sheet

Question

Quizplus · Accepted Answer

The final step in the accounting cycle is preparing a post-closing trial balance, which is done after all the closing entries have been made. This trial balance includes only permanent accounts and helps ensure that the accounting records are balanced and accurate before the start of the next accounting period.```

Which of the Following Is the Final Step in the Accounting