Which of the Following Is the Usual Final Step in the Accounting

question 52

Multiple Choice

Which of the following is the usual final step in the accounting cycle?

• A) Journalizing transactions.
• B) Preparing an adjusted trial balance.
• C) Preparing a post-closing trial balance.
• D) Preparing the financial statements.
• E) Preparing a work sheet.

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Definitions:

Endogenous Depression

A form of depression that is believed to result from internal physiological factors rather than external events or circumstances.

Operant Conditioning

A learning process in psychology that involves modifying behavior through reinforcement and punishment after a response.

Conservation

Refers to the cognitive understanding that certain properties of objects, such as volume or mass, remain unchanged even when their forms or appearances change.

Object Permanence

The concept that entities remain present even when they are not observable, audible, or detectable by any sensory means.