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:

Etic Approach

An analytical framework used in studying cultural phenomena from outside the culture being observed, emphasizing universal or comparative aspects.

Emic Approach

A research approach that focuses on understanding cultural phenomena from the perspective of the insider or native view.

Youth Market

A segment of the market consisting of young consumers, typically targeted by brands and marketers for products and services that appeal to younger demographics.

Back-Translation

A method used in the translation process where a text is translated from one language to another and then translated back to the original language to check for accuracy.