Which Step Is Taken at the End of the Accounting

question 98

Multiple Choice

Which step is taken at the end of the accounting period?

• A) analyze source documents
• B) post to the general ledger accounts
• C) prepare a trial balance
• D) prepare a post-closing trial balance

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Definitions:

Deductive Arguments

A logical process where the conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Valid

A term used in logic to describe an argument where if the premises are true, the conclusion must also be true.

Premises

Buildings and land owned or occupied by a person or company, often referred to in legal and business contexts.

Deductive Argument

A reasoning method where the outcome is derived from the agreement of several assumptions, which are usually considered accurate.