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Commerce · Q847

Accounting

Graduate and Post Graduate · Commerce · question 847

Q847

What is the correct sequence of the following actions required for the preparation of final accounts? 1. Preparation of Trial Balance 2. Balance of accounts 3. Preparation of annual financial statements 4. Making adjustment entries Select the correct answer

A.
1, 2, 3, 4
B.
4, 3, 2, 1
C.
4, 2, 1, 3
Answer
D.
2, 1, 4, 3

Answer: Option C

Solution

Answer: Option C
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