- is the important phase of accounting cycle-Preparing financial statementBank Reconciliation StatementTrial balanceLedger Posting

Question

Toppr Admin · Accepted Answer

All the business transaction once recorded has no meaning if these are not converted in to a financial statement- Hence preparing of a financial statement i-e- Profit -amp- Loss account and Balance Sheet is an important phase of accounting cycle- Preparing financial statement is the concluding point to know the status of the business-

________ is the most important phase of accounting cycle.Preparing financial statementBank Reconciliation StatementTrial balanceLedger Posting

________ is the most important phase of accounting cycle.
Preparing financial statement
Bank Reconciliation Statement
Trial balance
Ledger Posting