Which of the Following Is Not a Step in the Accounting

question 74

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)Analyze each transaction.
• E)Verify that revenues and expenses are equal.

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Definitions:

Huey Long

An influential and controversial American politician from Louisiana, known for his populist policies during the early 20th century.

AAA (Agricultural Adjustment Act)

A New Deal legislation passed in 1933 aimed at boosting agricultural prices by reducing surpluses through the payment of subsidies to farmers.

Sharecroppers

Individuals who farm land owned by another and pay rent either in cash or by sharing a portion of the produce.

Corporate Taxes

Taxes imposed on the income or profit of corporations and businesses by the government.