Which One of the Following Is an Optional Step in the Accounting

question 36

Multiple Choice

Which one of the following is an optional step in the accounting cycle of a business?

• A)Analyze business transactions
• B)Prepare a worksheet
• C)Prepare a trial balance
• D)Post to the ledger accounts

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Definitions:

Burwell v. Hobby Lobby

A landmark U.S. Supreme Court case that allowed closely held for-profit corporations to be exempt from regulations its owners religiously object to, if there is a less restrictive means of furthering the law's interest.

Supreme Court

The highest federal court in the United States, responsible for interpreting the Constitution and reviewing cases of national significance.

Personal Liability

An individual's legal responsibility for financial or legal obligations, making them personally accountable for the fulfillment of these duties.

Adoption

The legal process of taking another's child into one's family, granting it the same legal rights and status as one's biological child.