Which One of the Following Statements Concerning the Accounting Cycle

question 37

Multiple Choice

Which one of the following statements concerning the accounting cycle is incorrect?

• A)The accounting cycle includes journalizing transactions and posting to ledger accounts.
• B)The accounting cycle includes only one optional step.
• C)The steps in the accounting cycle are performed in sequence.
• D)The steps in the accounting cycle are repeated in each accounting period.

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Definitions:

Hue

Hue refers to a color or shade in the spectrum, distinguished by its wavelength or position in the color wheel, representing the aspect of color that is independent of brightness or saturation.

Colour Constancies

The ability to perceive colors of objects, under varying lighting conditions, as being relatively constant even when the type of light changes.

Accommodate

To adjust actions or support needs, often making space or provisions for something.

Light Purity

A measure of the extent to which a light source emits a single wavelength, affecting the saturation of the perceived color.