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In the process of bounded rationality, which of the following steps comes after one identifies the problem?
General Ledger
A comprehensive set of accounts that records all transactions of a business, leading to the preparation of financial statements.
Worksheet
A paper or digital document used to organize and simplify the preparation of financial statements or for planning purposes in accounting.
Adjusting Entries
Journal entries made at the end of an accounting period to update account balances before preparing financial statements.
Financial Statements
Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.
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