See Whats Hot WildTangent Games Which of the following accou

See What\'s Hot WildTangent Games Which of the following accounting steps in the accounting process would be completed last? a journalizing Ob. preparing the financial statements Oc. preparing the adjusted trial balance d. posting

Solution

option B) is the correct answer

preparing the financial statements

first step will be to journalise the transactions , then they will be posted to ledger accounts from where unadjusted trial balance will be prepared, after which ajdusing entries will be passed ., which will lead to preparation of adjusted trial balance and in last the financial statements are prepared

after preparing financial statement there are few other steps performed like closing entries are passed and post closing trail balance is prepared.

option B) is the correct answer preparing the financial statements first step will be to journalise the transactions , then they will be posted to ledger accounts from where unadjusted trial balance will be prepared, after which ajdusing entries will be passed ., which will lead to preparation of adjusted trial balance and in last the financial statements are prepared after preparing financial statement there are few other steps performed like closing entries are passed and post closing trail balance is prepared.