The Final Step in the Accounting Cycle Is to Prepare

question 131

Multiple Choice

The final step in the accounting cycle is to prepare

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

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Definitions:

Non-Soluble Fibre

A type of dietary fiber that does not dissolve in water, aids in digestive health by adding bulk to the stool and promoting regular bowel movements.

Lentils

Edible seeds from the legume family, known for their lens shape and used in various cuisines worldwide as a source of protein and nutrients.

Continuous Open System

A system that operates unceasingly with exchanges of matter or energy between the system and its surroundings.

Tube-feeding Set

A collection of supplies and equipment used to deliver liquid nutrition directly into the stomach or intestine through a tube, for patients who are unable to eat by mouth.