Accountıng I Deneme Sınavı Sorusu #1313627
What is the final stage of the accounting process?
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The final stage of the accounting process is posting to the Ledger |
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The final stage of the accounting process is recording in the Journals. |
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Regulation of Financial Accounting and Reporting. |
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In the accounting cycle, the last step is to prepare a post-closing trial balance. It is prepared to test the equality of debits and credits after closing entries are made. |
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The final stage of the accounting processes is the Financial Statements. |
Yanıt Açıklaması:
A trial balance is a list of all ledger accounts with their balances at a point in time. A trial balance summarizes the accounts by listing all the accounts with their balances—assets first, followed by liabilities, and then owner’s equity.
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