Which of the Following Depicts the Proper Sequence of Steps

question 117

Multiple Choice

Which of the following depicts the proper sequence of steps in the accounting cycle?

• A) journalize the transactions, analyze business transactions, prepare a trial balance
• B) prepare a trial balance, prepare financial statements, prepare adjusting entries
• C) prepare a trial balance, prepare adjusting entries, prepare financial statements
• D) prepare a trial balance, post to ledger accounts, post adjusting entries

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Definitions:

Additive

A substance deliberately added to a material to fulfill some specific purpose such as enhancing taste or color or prolonging shelf life.

Enhancing Taste

The process of improving the flavor of food or drink to make it more appealing.

Shelf Life

The time period during which a product, such as food or medicine, remains safe and effective to use.

Calorie

A unit for measuring the heat value of food.