After adjustments are completed, the next step is to prepare:
A)the balance sheet.
B)the profit and loss statement.
C)the trial balance.
D)the adjusted trial balance.

Question

Quizplus · Accepted Answer

After adjustments are made, the next step is to prepare an adjusted trial balance. This is because the adjusted trial balance shows the balances of all accounts after adjusting entries have been made, ensuring that the accounts are accurate and complete before preparing financial statements such as the balance sheet and profit and loss statement.

After Adjustments Are Completed, the Next Step Is to Prepare