Which of These Steps in the Accounting Cycle Comes First

question 103

Multiple Choice

Which of these steps in the accounting cycle comes first?

• A)posting
• B)adjusting entries
• C)financial statements
• D)closing entries

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Definitions:

Societal Issues

Refers to the challenges and problems that affect a large number of individuals within a society, impacting their well-being and social functioning.

Consumer Issues

Problems or challenges faced by individuals in the marketplace, related to the purchase, use, or disposal of goods and services.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Carbon Footprint

The total amount of greenhouse gases emitted directly or indirectly by an individual, organization, event, or product.