Which One of the Following Steps in the Accounting Cycle

question 176

Multiple Choice

Which one of the following steps in the accounting cycle is optional rather than required?

• A)Business transactions are recorded
• B)Adjustments are recorded
• C)The accounts are closed
• D)Work sheets are prepared

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Definitions:

Distinct

Clearly noticeable or markedly different from something else.

Group Size

The number of individuals making up a group, which can influence the group's dynamics, communication, and effectiveness.

Relationships

are connections or associations between individuals, defined by emotional, familial, social, or professional interactions.

Secondary Groups

Groups characterized by impersonal, formal, and temporary relationships, often established for a specific goal or activity.