Question: In an accounting system, first step in generating financial reports involves: Responses preparing the preliminary trial balance. preparing the preliminary trial balance. preparing a draft

In an accounting system, first step in generating financial reports involves:
Responses
preparing the preliminary trial balance.
preparing the preliminary trial balance.
preparing a draft of the financial statements.
preparing a draft of the financial statements.
posting/ updating the general ledger.
posting/ updating the general ledger.
preparing and posting adjusting entries.
preparing and posting adjusting entries.

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