Of the Following Steps of the Accounting Cycle, Which Step

question 22

Multiple Choice

Of the following steps of the accounting cycle, which step should be completed last?

• A) An adjusted trial balance is prepared.
• B) Transactions are posted to the ledger.
• C) An unadjusted trial balance is prepared.
• D) Adjusting entries are journalized and posted to the ledger.

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Definitions:

Polygamy

A marital practice in which an individual has more than one spouse simultaneously.

Polyandry

A form of marriage in which a woman has two or more husbands at the same time, a practice that is rare and typically found in certain cultures and societies.

Swinging

A lifestyle choice or activity in which couples engage in sexual activities with other partners, often within a recreational or social context.

Surveillance

The close observation or monitoring of individuals or groups, often by government or organizational entities, for the purpose of managing, influencing, or protecting them.