Which of the Following Is the Final Step in the Journalizing

question 12

Multiple Choice

Which of the following is the final step in the journalizing and posting process?

• A) Posting the accounts to the ledger.
• B) Identifying each account affected and its type.
• C) Determining whether the accounting equation is in balance.
• D) Determining whether each account has increased or decreased.

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Definitions:

Sensory Threshold

The minimum level of stimulus intensity needed for a sensation to be perceived; it can vary from person to person.

Information Processing

A theory describing how the human mind takes in, stores, retrieves, and uses information.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can hinder performance in various domains.

Sensory Loss

A decrease or loss in the ability to perceive or process external stimuli through one's senses, such as sight, hearing, touch, taste, or smell.