Which Is the Correct Order of the Following Steps in the Accounting

question 135

Multiple Choice

Which is the correct order of the following steps in the accounting cycle?

• A)Prepare financial statements,journalize and post adjusting entries,journalize and post the closing entries,and prepare a post-closing trial balance.
• B)Prepare an unadjusted trial balance,journalize and post adjusting entries,journalize and post the closing entries,and prepare financial statements.
• C)Journalize and post adjusting entries,journalize and post the closing entries,prepare financial statements,and prepare an adjusted trial balance.
• D)Prepare an unadjusted trial balance,journalize and post adjusting entries,prepare financial statements,and journalize and post the closing entries.

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Definitions:

Technical Demands

The specific skills, knowledge, and abilities required to perform the tasks associated with a particular job or activity.

Tangible Factor

A quantifiable element that can be physically touched or measured, influencing outcomes or decisions.

Social Responsibility

The ethical framework that an individual or organization should act in a way that benefits society at large.

Pay

Compensation or salary received by an employee in exchange for their labor or services provided to an employer.