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A trial balance is prepared before adjustments, after adjustments and after:
ACosting
BCounting
CCashing
DClosing
Answer & Solution
Correct answer: D. Closing
1. Three trial balances appear in the accounting cycle.
2. The first two bracket the adjusting entries.
3. The third comes after closing.
_Source: OpenStax Principles of Financial Accounting, Chapter 4, The Adjustment Process._
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