Author Question: Which step is taken at the end of the accounting period? a. analyze source documents b. post to ... (Read 89 times)

khang

  • Hero Member
  • *****
  • Posts: 569
Which step is taken at the end of the accounting period?
 a. analyze source documents
   b. post to the general ledger accounts
   c. prepare a trial balance
   d. prepare a post-closing trial balance

Question 2

Transactions are first recorded in the general ledger and then posted to the journal.
 
  Indicate whether the statement is true or false



medine

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

d

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library