Which of These Steps of the Accounting Cycle Occur at Year-End

question 110

Multiple Choice

Which of these steps of the accounting cycle occur at year-end only (as opposed to during the accounting period, or at the end of the accounting period) ?

• A) Analyze business transactions.
• B) Journalize the transactions.
• C) Post to the ledger accounts.
• D) Journalize and post closing entries.

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Definitions:

Universal Ethical Principles

Fundamental norms and values that transcend cultural, religious, and societal differences, guiding moral judgment and actions.

Post Conventional Reasoning

A stage of moral development in which the individual considers universal moral principles and the nuances of situations rather than adhering strictly to laws and social rules.

Conventional Reasoning

A stage in moral development where individuals make judgments based on societal norms and the expectations of others.

Care Orientation

Gilligan’s feminine mode of moral reasoning, characterized by a desire to maintain relationships and a responsibility to avoid hurting others.