During the end-of-period processing which of the following best describes the logical order of this process
A) Preparation of adjustments, adjusted trial balance, financial statements
B) Preparation of Income Statement, adjusted trial balance, Balance Sheet
C) Preparation of adjusted trial balance, cross-referencing, journalizing
D) Preparation of adjustments, adjusted trial balance, posting

Question

Quizplus · Accepted Answer

The logical order of end-of-period processing is to prepare adjustments, then use those adjustments to create an adjusted trial balance, and then use the adjusted trial balance to prepare financial statements. So, choice A correctly represents the logical order.

During the End-Of-Period Processing Which of the Following Best Describes