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:

Vygotsky's Theory

A cognitive development theory proposed by Lev Vygotsky, which emphasizes the roles of social interaction and culture in the development of cognition and learning.

Piagetian Theory

A theory of cognitive development that describes how children construct a mental model of the world around them in distinct stages of cognitive development.

Social Experiences

Interactions with others and the environment that contribute to the development of an individual's beliefs, attitudes, and behaviors.

Habituation-Dishabituation

The process by which an organism decreases or stops its response to a repetitive stimulus (habituation) and then increases its response again when the stimulus changes or is new (dishabituation).