The sixth and final step in the accounting cycle involves
A) performing a trial balance to verify that the accounting statements are internally consistent.
B) auditing the books to ensure that they were prepared according to generally accepted accounting principles.
C) preparing the income statement.
D) analyzing major accounting statements to evaluate the financial condition of the firm.

Question

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The Answer of The sixth and final step in the accounting cycle involves
A) performing a trial balance to verify that the accounting statements are internally consistent.
B) auditing the books to ensure that they were prepared according to generally accepted accounting principles.
C) preparing the income statement.
D) analyzing major accounting statements to evaluate the financial condition of the firm.

The Sixth and Final Step in the Accounting Cycle Involves