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Closing entries Group of answer choices need not be journalized if adjusting entries are prepared need not be posted if the financial statements are prepared from the end-of-period spreadsheet are not needed if adjusting entries are prepared must be journalized and posted

Sagot :

Lanuel

In Financial accounting, closing entries: D. must be journalized and posted.

What are closing entries?

Closing entries can be defined as journal entries that are made at the end of an accounting period and it involves the transfer of financial data from temporary accounts to permanent accounts.

In Financial accounting, it is a general rule that all closing entries must be journalized and posted at the end of an accounting period.

Read more on closing entries here: https://brainly.com/question/13460212

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