Which One of the Following Is an Optional Step in the Accounting

question 78

Multiple Choice

Which one of the following is an optional step in the accounting cycle of a business enterprise?

• A) Analyze business transactions
• B) Prepare a worksheet
• C) Prepare a trial balance
• D) Post to the ledger accounts

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Definitions:

Decrease Supply

A situation where there's a reduction in the quantity of a good or service that producers are willing and able to sell at a given price.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price.

Tax

A mandatory financial charge imposed by a governmental organization on individuals or entities to fund public expenditures.

Slightly Inelastic

A situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.