Question

last step of accounting process is​

Answer 1

Answer:

In the accounting cycle, the last step is to prepare a post-closing trial balance. It is prepared to test the equality of debits and credits after closing entries are made. Since temporary accounts are already closed at this point, the post-closing trial balance contains real accounts only.

Answer 2

Answer:

In a accounting cycle the last step is to prepare a post-closing trial balance. It is prepared to test the equality of debits and credits after closing entries are made. Since temporary account are already closed at this point,the post-closing trial balance contains real accounts only.