Author Question: Preparation of the budgeted statement of cash flows is the final step in preparing the operating ... (Read 89 times)

fbq8i · **on:** Jul 5, 2018

Preparation of the budgeted statement of cash flows is the final step in preparing the operating budget.

Indicate whether this statement is true or false.

Question 2

In the accounting cycle, the last step is
a. preparing the financial statements
b. journalizing and posting the adjusting entries
c. preparing a post-closing trial balance
d. journalizing and posting the closing entries