Question

Nathan works as an accountant for a mid-sized retail store. He has just completed a trial balance that resulted in no unexpected problems. Nathan's next task is likely to be

Answer 1

Answer:

The next task for Nathan is likely to be:

• Preparing the store's balance sheet.

• Also to prepare other major financial statements.

Explanation:

Here, it is given that Nathan works as an accountant for a mid sized retail store. His tasks completed are a trial balance which has resulted in neither of the unexpected problems.

So, the next task for Nathan will be :

• preparing the store's balance sheet.

• Preparation of other major financial statements for the store.

The reports and all the major financial statements which are prepared by the accountants gives all the necessary informations that are used both in outside and the inside of the organisations for various decision making.