Mcgraw accounting chapter 4 homework answers
Question:
How do you set up a new trial?
Answer:
True. Once the adjusted trial balance is in balance, the flow of accounts will be added to the financial statements. It is true that this is the case. The adjusted trial balance of a company is a list of all the accounts that will be on the financial statements once the journal entries have been changed at the end of the year. Making an adjusted trial balance is the fifth step in the accounting cycle. This is the last thing to do before making financial statements.
