The last major task Minnie completed before getting ready to prepare the firm's financial statements was the preparation of the
A) cash budget.
B) master budget.
C) trial balance.
D) internal audit.

Question

Quizplus · Accepted Answer

A trial balance is a summary of all the financial data in the account ledgers to see whether they are correct and balanced. This is the fourth step in the accounting cycle.

The Last Major Task Minnie Completed Before Getting Ready to Prepare