Which of the Following Depicts the Proper Sequence of Steps

question 84

Multiple Choice

Which of the following depicts the proper sequence of steps in the accounting cycle?

• A) Journalize the transactions analyze business transactions prepare a trial balance
• B) Prepare a trial balance prepare financial statements prepare adjusting entries
• C) Prepare a trial balance prepare adjusting entries prepare financial statements
• D) Prepare a trial balance post to ledger accounts post adjusting entries

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Definitions:

Tangibles

Physical items or goods that can be seen, touched, and measured, as opposed to services or digital products.

Responsiveness

The ability of a company, service, or product to react quickly and positively to customer needs or changes in the market.

Reliability

The consistency and dependability of a product, service, or system to perform as expected under certain conditions.

Voice-of-customer

Voice-of-customer entails gathering insights and feedback directly from consumers to understand their needs, preferences, and experiences.