Which of the Following Is Not a Step in the Accounting

question 49

Multiple Choice

Which of the following is not a step in the accounting process?

• A)Record relevant transactions and events in a journal
• B)Post journal information to the ledger accounts
• C)Prepare and analyze the trial balance
• D)Analyzing each transaction
• E)Verify that revenues and expenses are equal

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Definitions:

Practical

Concerned with the actual implementation or use of something rather than theories or ideas, often emphasizing real-world application or utility.

Stereotype Threat

The experience of anxiety or concern in a situation where a person has the potential to confirm a negative stereotype about their social group, which can negatively affect their performance.

Intelligence is Plastic

The concept that an individual's cognitive abilities can be shaped and improved through environmental experiences, education, and training.

Taking Risks

The action of engaging in behaviors or decisions that involve potential for loss or danger.