Which of the Following Is the Final Step in the Accounting

question 107

Multiple Choice

Which of the following is the final step in the accounting cycle?

• A) Journalize the transactions.
• B) Post to ledger accounts.
• C) Preparing a post-closing trial balance.
• D) Journalize and post closing entries.

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Definitions:

Team Building

The process of enhancing the cohesion and functionality of a team through various activities and exercises.

Skill Categories

The classification of skills into groups based on similarities, such as technical, interpersonal, and analytical skills, for the purpose of evaluation and development.

Structural Considerations

Factors related to the organizational, physical, or logical arrangement of a system or enterprise that need to be taken into account when planning or evaluating.

Management Function

The organizational activities of planning, organizing, leading, and controlling to achieve goals efficiently and effectively.