The Final Step in the Accounting Cycle Is

question 58

Multiple Choice

The final step in the accounting cycle is:

• A) preparing the post-closing trial balance.
• B) preparing the financial statements.
• C) posting the closing entries.
• D) posting the adjusting entries.

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Definitions:

Urine

A liquid waste product filtered from the blood by the kidneys, excreted through the urethra.

Atherosclerosis

A condition characterized by the hardening and narrowing of the arteries due to buildup of plaque, often leading to coronary heart disease.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body.

Fatty Plaque

Deposits of fat and other substances on the walls of arteries, leading to atherosclerosis and potentially heart disease or stroke.