Which one of the steps below is not aided by the preparation of the end-of-period spreadsheet?
A) preparing the adjusted trial balance
B) posting to the general ledger
C) preparing the financial statements
D) preparing the closing entries

Question

Quizplus · Accepted Answer

Posting to the general ledger is done throughout the accounting period and is not directly aided by the end-of-period spreadsheet. The other steps listed (preparing the adjusted trial balance, preparing the financial statements, and preparing the closing entries) all require information from the end-of-period spreadsheet.

Which One of the Steps Below Is Not Aided by the Preparation