Once a Trial Balance Has Been Prepared,the Next Step of the Accounting

question 22

Multiple Choice

Once a trial balance has been prepared,the next step of the accounting cycle involves:

• A)posting the information to the correct ledger accounts.
• B)completing ratio analysis.
• C)preparing major financial statements such as the balance sheet.
• D)classifying the transactions into logical categories.

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Definitions:

Spanked

The act of striking the buttocks of another person to cause physical pain, typically used as a form of punishment.

Running Into

Encountering or unexpectedly meeting someone or something.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus to decrease the frequency of an unwanted behavior.

Foul Language

The use of offensive, rude, or vulgar words and phrases in speech or writing.