The Final Step in the Accounting Cycle Is to Prepare

question 137

Multiple Choice

The final step in the accounting cycle is to prepare

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

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Definitions:

Autoimmune Disease

A condition in which the immune system mistakenly attacks the body's own tissues.

Arthritis

Arthritis is a term for conditions that cause inflammation and stiffness in the joints, leading to pain and mobility issues.

Synovial Membrane

A specialized connective tissue that lines the inner surface of capsules of synovial joints and tendon sheath, making synovial fluid to lubricate and reduce friction.

Articular Cartilage

A smooth, white tissue that covers the ends of bones where they come together to form joints, reducing friction and absorbing shock.