closing entries are recorded ____________\nafter the preparation of the trial balance\nafter the preparation…

closing entries are recorded ____________\nafter the preparation of the trial balance\nafter the preparation of financial statements\nbefore the preparation of financial statements\nbefore the preparation of the closing trial balance

closing entries are recorded ____________\nafter the preparation of the trial balance\nafter the preparation of financial statements\nbefore the preparation of financial statements\nbefore the preparation of the closing trial balance

Answer

Brief Explanations:

Closing entries transfer temporary - account balances to permanent accounts. They are made after financial statements are prepared to start the next accounting period with zero - balances in temporary accounts.

Answer:

after the preparation of financial statements