It is month-end what is the first step in the month-end, Ask an Expert

Accounting

It is month-end. What is the first step in the month-end close process? Choose one answer.

a. Close out income statement balances

b. Post accruals, deferrals and other end of period adjustments c.

c. Extend totals to the balance sheet and income statement columns as appropriate

d. Enter the general ledger amounts on the unadjusted trial balance column of the trial balance worksheet

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91959491

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