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Help Save & E Which of the following statements is TRUE about the accounting cycle? Multiple Choice Adjusting entries are prepared before the closing entries.

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Help Save & E Which of the following statements is TRUE about the accounting cycle? Multiple Choice Adjusting entries are prepared before the closing entries. Financial statements are usually prepared before the adjusting entries are posted to the general ledger, The last step in the accounting cycle is to prepare the closing entries. Adjusted trial balance' and 'post closing trial balance' are two different names for the same thing. In other words, they are the same

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