Which of the Following Sequences Concerning the Accounting Cycle Is

question 13

Multiple Choice

Which of the following sequences concerning the accounting cycle is correct?

• A)Journalize, post, adjusting entries, financial statements
• B)Transaction analysis, trial balance, post, adjusted trial balance
• C)Post, adjusting entries, closing entries, financial statements
• D)Adjusting entries, closing entries, adjusted trial balance, financial statements

---

Definitions:

Cash Inflows

Money received by a business from its operations, financing, or investing activities.

Net Present Value

The divergence of cash inflows’ current worth from cash outflows’ present value during a defined duration.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value, reflecting the time value of money and investment risk.

Net Present Value

A calculation used to determine the value of an investment by discounting future cash flows to their present value to assess its profitability.