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:

Replicability

The ability of a study or experiment to be repeated or reproduced to verify results and confirm reliability and validity of findings.

Illusory Correlation

A cognitive bias where a relationship between two variables is perceived despite no such relationship existing.

Clever Hans Effect

The phenomenon where a person or animal in a study can pick up on subtle, unintentional cues from their interactants, leading to seemingly intelligent responses.

Visual Cues

Environmental or situational indicators that are perceived visually, guiding behavior through visual information.