Which of the following steps in the accounting cycle may be performed most frequently?
A) Prepare a post-closing trial balance
B) Journalize closing entries
C) Post closing entries
D) Prepare a trial balance

Question

Quizplus · Accepted Answer

The preparation of a trial balance is typically done at the end of each accounting period to ensure that debits and credits are in balance. It is a frequent step in the accounting cycle as it is necessary to properly prepare and analyze financial statements. The other options listed occur less frequently in the cycle.

Which of the Following Steps in the Accounting Cycle May