Which of the Following Is Not a Step in the Accounting

question 49

Multiple Choice

Which of the following is not a step in the accounting process?

• A)Record relevant transactions and events in a journal
• B)Post journal information to the ledger accounts
• C)Prepare and analyze the trial balance
• D)Analyzing each transaction
• E)Verify that revenues and expenses are equal

---

Definitions:

Pharmaceutical Companies

Organizations dedicated to developing, producing, and marketing drugs or pharmaceuticals licensed for use as medications.

Monopoly Position

A situation in which a single company or entity has exclusive control over a particular market or industry, eliminating competition.

Lower Prices

A decrease in the general level of prices of goods and services, making them more affordable to consumers.

Additional Units

Incremental amounts or quantities of a good or service produced or consumed, often considered in economic analysis to assess changes in supply, demand, or efficiency.