Which of the Following Sequence of Actions Describes the Proper

question 7

Multiple Choice

Which of the following sequence of actions describes the proper order in the accounting cycle?

• A) Journalize, post, close, prepare financial statements, adjust, and analyze transactions
• B) Prepare financial statements, journalize, post, adjust, analyze transactions, close
• C) Analyze transactions, journalize, post, adjust, prepare financial statements, close
• D) Post, close, prepare financial statements, adjust, analyze transactions, and journalize

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Definitions:

Federal Tax Revenues

The income received by the government from taxpayers, including individuals and corporations, used to fund public services and operations.

Cognitive Therapy

A form of psychotherapy that aims to change patterns of thinking or behavior that are causing people's psychological problems.

Behavior Modification

A therapeutic approach that applies principles of learning to change undesirable behaviors into positive behaviors.

Learning Theory

Theories and models that explain how knowledge is absorbed, processed, and retained during the process of learning.