There are two major financial statements prepared at the completion of the accounting cycle: the journal and the ledger.

Name: There are two major financial statements prepared at the completion of the accounting cycle: the journal and the ledger.
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The two major financial statements prepared at the completion of the accounting cycle are the income statement and the balance sheet. The journal and the ledger are not financial statements but rather tools used in the accounting process.

There Are Two Major Financial Statements Prepared at the Completion