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.

---

Definitions:

Emotionally Salient

Refers to events, information, or stimuli that have a strong emotional impact or significance to an individual.

Goal Relevant

Pertaining to or directly associated with the objectives one is trying to achieve.

Actively Rehearsed

The conscious and intentional practice or repetition of information, skills, or activities to improve or maintain proficiency.

Processed Unconsciously

Pertaining to cognitive operations that occur without conscious awareness or control.