What is the correct sequence of the following in the preparation of periodical financial statements?
I. preparation of Balance sheet
II. preparation of Funds flow statement
III. preparation of Trial balance
IV. preparation of Profit/Loss statement
Select the correct answer from the options given below and mark your answer sheet accordingly

A. IV, II, I, III

B. III, IV, I, II

C. II, IV, III, I

D. I, III, II, IV

Answer: Option B