During the end-of-period processing, which of the following best describes the logical order of steps?

A) ​preparation of adjustments, adjusted trial balance, financial statements
B) ​preparation of income statement, adjusted trial balance, balance sheet
C) ​preparation of adjusted trial balance, cross-referencing, journalizing
D) ​preparation of adjustments, adjusted trial balance, posting

End-Of-Period Processing

The procedures undertaken at the close of a financial reporting period to prepare accounts for financial reporting.

Financial Statements

Reports that provide detailed information about a company's financial status, including balance sheets, income statements, and cash flow statements.

Adjusted Trial Balance

A trial balance that reflects account balances after adjusting entries have been made for accruals, deferrals, and other financial events.