You need to make adjustments to your ledger balances before year-end close. Which methods can be used to accomplish this goal?

The correct answer is A. Use typical journal entries and a closing sheet D. Use a closing sheet and a trial balance. You've hit your limit · resets 4am (America/New_York)

Implement financial management

Question

You need to make adjustments to your ledger balances before year-end close. Which methods can be used to accomplish this goal?

Options

AUse typical journal entries and a closing sheet
BUse a costing sheet and a typical journal entry
CUse a trial balance and a typical journal entry
DUse a closing sheet and a trial balance

How the community answered

(29 responses)

A
72% (21)
B
7% (2)
C
21% (6)

Explanation

You've hit your limit · resets 4am (America/New_York)

Topics

#year-end close#ledger adjustments#closing sheet#journal entries

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