Which of the Following Is NOT One of the Six

question 103

Multiple Choice

Which of the following is NOT one of the six steps in the accounting cycle?

• A)analyzing business transaction documents
• B)recording business transactions in journal
• C)preparing a trial balance
• D)paying accounts payable
• E)preparing the financial statements

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Definitions:

Standard Normal

A normal distribution with a mean of zero and a standard deviation of one, commonly used in statistical analyses.

Mean

The arithmetic average of a set of values or measurements, calculated by summing them all up and dividing by the number of values.

Standard Deviation

A statistic that measures the dispersion or variability of a set of data points relative to its mean.

Normal Distribution

A bell-shaped frequency distribution curve where most of the occurrences take place near the mean and fewer and fewer occur as one moves away from the mean.