1) Which is the correct order of the steps in the accounting cycle at the end of the accounting period?

a) Journalise and post adjustments, journalise and post the closing entries, prepare financial statements & prepare a trial balance. b) Journalise and post the closing entries, prepare a trial balance, journalise and post adjustments & prepare financial statements. c) Prepare financial statements, Journalise and post adjustments, journalise and post the closing entries & prepare a trial balance. d) Prepare a trial balance, journalise and post adjustments, journalise & post the closing entries & prepare financial statements. e) Prepare a trial balance, journalise and post adjustments, prepare financial statements & journalise and post the closing entries.