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:

Little Albert

The subject of a famous psychology experiment by John B. Watson, demonstrating that emotional responses can be conditioned in humans.

Fear / Distress Response

An emotional and physiological reaction to perceived threats or danger, involving the activation of the fight or flight response.

Electra Complex

In psychodynamic theory, a girl's psychosexual competition with her mother for possession of her father.

Phallic Stage

A phase in Freudian psychosexual development, occurring from ages 3 to 6, where children's focus of libido is concentrated in the genital area.