Which of the Following Is a Key Step in the Accounting

question 262

Multiple Choice

Which of the following is a key step in the accounting cycle?

• A) Recording information into journals
• B) Collecting data from customers
• C) Forecasting expenses and revenues
• D) Preparing the advertising message

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Definitions:

Giving Orders

The act of commanding, directing, or instructing someone to do something.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.

Express Opinions

The act of verbally or non-verbally conveying one's personal thoughts, beliefs, or preferences.

Delegating Work

The process in which a leader or manager assigns responsibility and authority for specific tasks or projects to subordinates, allowing them to make certain decisions and take action within defined limits.