Author Question: The most efficient sources for closing entry information are the a. general ledger and general ... (Read 148 times)

123654777 · **on:** Jul 6, 2018

The most efficient sources for closing entry information are the
a. general ledger and general journal.
b. general journal and work sheet.
c. general ledger and work sheet.
d. work sheet and financial statements.
e. balance sheet and income statement.

Question 2

Closing entries are prepared
a. before adjusting entries.
b. during the month.
c. on the first day of the new accounting period.
d. after adjusting entries.
e. at the option of the company's accounting department.