Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A)Preparing a post-closing trial balance helps to prove the accuracy of the adjusting and closing procedures.
• B)Journalizing consists of analyzing and recording transactions in T-accounts.
• C)The information on the work sheet can be used in place of preparing financial statements.
• D)By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts.
• E)All of these statements are true.

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Definitions:

McClelland's Acquired Needs Theory

A motivational theory suggesting that individuals are driven by three primary needs: achievement, affiliation, and power, which are acquired over time.

Maslow's Love/Belongingness

A concept from Maslow's hierarchy of needs that emphasizes the human need for interpersonal relationships, feeling loved, and belonging to a group.

ERG Theory

A theory on human motivation that categorizes needs into three groups: Existence, Relatedness, and Growth.

Existence Needs

Refers to the basic physiological and safety needs of individuals, such as food, water, shelter, and security.