What is the correct sequence of the following actions required for the preparation of financial accounts?
1. Trading account
2. Making adjusting entries
3. Balance sheet
4. Profit and Loss account
Select the correct answer:
A. 4, 2, 1 and 3
B. 2, 4, 3 and 1
C. 2, 1, 4 and 3
D. 4, 2, 3 and 1
Answer: Option A
This Question Belongs to Commerce >> Accounting
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