Which One of the Following Is the Last Step in the Accounting

question 110

Multiple Choice

Which one of the following is the last step in the accounting cycle?

• A)analyze transactions
• B)recording and posting adjustments
• C)closing the accounts
• D)preparing financial statements

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Definitions:

Content Validity

The extent to which a test measures all aspects of the concept it intends to measure.

Criterion-related Reliability

A measure of how well a test predicts or correlates with a specific outcome or behavior, used to assess the validity of the test for specific purposes.

Construct Validity

The extent to which a test or instrument measures the theoretical concept or construct that it is intended to measure.

Social Discomfort

A feeling of unease or awkwardness experienced in social situations, often due to anxiety or lack of confidence.