Which Is True

question 36

Multiple Choice

Which is true?

• A) Companies prepare an adjusted trial balance after preparing the financial statements.
• B) A post-closing trial balance is prepared before the financial statements.
• C) Adjusting entries are prepared after closing entries.
• D) A trial balance is prepared after posting to ledger accounts.

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Definitions:

CIM

Computer Integrated Manufacturing, an approach to manufacturing that integrates computer systems with physical manufacturing processes for efficiency and productivity improvements.

PLM

Product Lifecycle Management, a strategic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement.

POM

Principles of Management; these are fundamental guidelines for the management of an organization concerning its mission, vision, and objectives.

TPS

Acronym for Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.