Which of the Following Steps in the Accounting Cycle May

question 39

Multiple Choice

Which of the following steps in the accounting cycle may be performed most frequently?

• A) Prepare a post-closing trial balance
• B) Journalize closing entries
• C) Post closing entries
• D) Prepare a trial balance

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Definitions:

Age of Majority

The legally recognized age at which an individual is considered an adult and is responsible for his or her actions, with the ability to enter into legal contracts and enjoy full legal rights and obligations.

Juvenile Court

A court of law responsible for the trial or legal supervision of children under a certain age, typically those who are accused of violating a law.

Equal Protection Clause

A provision in the Fourteenth Amendment of the U.S. Constitution forbidding states from denying any person within its jurisdiction equal protection under the law.

Fourteenth Amendment

An amendment to the U.S. Constitution, guaranteeing equal protection under the law, and was instrumental in establishing civil rights.