The Step in the Accounting Cycle That Is Performed on a Periodic

question 157

Multiple Choice

The step in the accounting cycle that is performed on a periodic basis (i.e. monthly quarterly) is

• A) analyzing transactions.
• B) journalizing and posting adjusting entries.
• C) preparing a post-closing trial balance.
• D) posting to ledger accounts.

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Definitions:

Large Intestine

The final section of the digestive system, responsible for water absorption and the formation of feces.

Esophagus

A muscular tube that connects the throat (pharynx) with the stomach, conveying food and liquids.

Aggregate Planning

Aggregate planning involves developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization.

Supply Chain

The network of manufacturers, suppliers, and logistics providers involved in the production, shipment, and distribution of a product to the consumer.