The Following Are the Steps in the Accounting Cycle

question 45

Essay

The following are the steps in the accounting cycle. List them in the order in which they are completed: Completing the work sheet Posting Preparing an unadjusted trial balance Journalizing Preparing the statements Closing the temporary accounts Adjusting the ledger accounts Preparing a post-closing trial balance

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Definitions:

Logic Continuity

The property of a logical scheme or electronic circuit to have a connected and coherent path for signal flow, ensuring intended operation.

MCR Instruction

Stands for Master Control Reset instruction, used in programming PLCs to clear or reset the program execution.

De-Energized

A state where electrical power is removed from a system or component, thereby stopping its operation.

JMP Instruction

A command in computer programming that causes the processor to jump to a different location in the program and continue execution from there.