aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Accounting Exams Online Practice Test
  • What is the last step of the accounting cycle?
Multiple choice

What is the last step of the accounting cycle?

  1. Trial Balance

  2. Closing Entries

  3. Post-Closing Trial Balance

  4. Worksheet

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The accounting cycle concludes with the post-closing trial balance, which verifies that the ledger is in balance after all closing entries have been made.

Keep practicing — related questions

  • Which of the following is prepared at the end of accounting cycle?
  • The series of accounting activities included in recording financial info, for a fiscal period
  • Information to complete a trial balance comes from the
  • The entire life cycle of most of the parasitic worms lasts four to six weeks. The life cycle of which among...
  • Which of the following is the final step of the Software development Life Cycle (SDLC)?
  • The limitation for recovery of the outstanding amount in the cash credit account is ______________ years fr...
  • What is the net gain of glyceraldehyde 3-phosphate in the regeneration step of Calvin cycle?
  • Why is enzyme triosephosphate isomerase required in the regeneration step of Calvin cycle?
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Accounting Principles and Practices (2416 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy