Which of the following is done last at the end of the year?
A)Prepare adjusting journal entries.
B)Prepare an Adjusted Trial Balance
C)Prepare closing journal entries.
D)Prepare a post-closing trial balance.

Question

Quizplus · Accepted Answer

Preparing a post-closing trial balance is the last step to ensure that all accounts have been successfully closed and are ready to begin the new accounting cycle in the following year. Adjusting journal entries, an adjusted trial balance, and closing journal entries are all steps done earlier in the accounting cycle.

Which of the Following Is Done Last at the End