Which of the following options is included in the last step of the accounting cycle?

Preparing adjusting entries

Preparing the financial statements

Preparing an Adjusted Trial Balance

Preparing a Post-Closing Trial Balance

Which of the following accounts will be closed at the end of the period?

Cash, Revenues, Expenses

Revenues, Expenses, Liabilities

Assets, Liabilities, Shareholders Equity

Dividends, Revenues, Assets

Revenues, Expenses, Dividends

Which of the following options is a characteristic of closing entries?

They involve temporary accounts.

They come before preparing financial statements.

They come before adjusting entries.

They are the first step in the accounting cycle.