Nina,a Manager at a Small Restaurant,is Engaged in Conducting the Accounting

question 30

Multiple Choice

Nina,a manager at a small restaurant,is engaged in conducting the accounting cycle.She begins by examining checks,credit card receipts,sales slips,and other related evidence concerning specific transactions.Which of the following steps should she follow immediately after this step?

• A)The annual reports must be prepared.
• B)The financial transactions must be recorded in a journal.
• C)The information from the journal must be transferred to a ledger.
• D)The hired Certified Public Accountant must attest that generally accepted accounting principles were used.
• E)The information from the trial balance should be used to prepare the financial statements.

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Definitions:

Life-threatening Risks

Refers to dangers or hazards that have the potential to cause death or serious harm to an individual’s health.

Self-presentation

Involves the process of controlling or influencing how one is perceived by others, often involving impression management strategies.

Social Roles

The patterns of behavior that are expected of individuals in specific positions within a social group, based on societal norms and expectations.

Social Roles

The parts individuals play as members of a social group, which meet the expectations of that group.