Accountıng I Deneme Sınavı Sorusu #1313755
Which of the following is the ending step in the accounting cycle?
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The post-closing trial balance |
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Monthly trial balances |
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Closing entries |
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Adjusted trial balance |
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Financial statements |
Yanıt Açıklaması:
After closing of revenue accounts,expense accounts and Income Summary account, it is timeto prepare post-closing trial balance as the ending step in the accounting cycle. Post-closing trial balance shows the accounts with only balances.
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