Which Is the Correct Order of the Following Steps in the Accounting

question 135

Multiple Choice

Which is the correct order of the following steps in the accounting cycle?

• A)Prepare financial statements,journalize and post adjusting entries,journalize and post the closing entries,and prepare a post-closing trial balance.
• B)Prepare an unadjusted trial balance,journalize and post adjusting entries,journalize and post the closing entries,and prepare financial statements.
• C)Journalize and post adjusting entries,journalize and post the closing entries,prepare financial statements,and prepare an adjusted trial balance.
• D)Prepare an unadjusted trial balance,journalize and post adjusting entries,prepare financial statements,and journalize and post the closing entries.

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Definitions:

Million

A numerical unit representing one thousand thousands, or 10^6.

Ageist

Having prejudice or discrimination on the grounds of a person's age.

Dementia

A category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting a person's daily functioning.

Major Neurocognitive Disorder

A significant decline in cognitive function, including memory, attention, learning, and others, that interferes with everyday independence and activities, previously known as dementia.