Listed Below in Random Order Are the Steps in the Accounting

question 23

Multiple Choice

Listed below in random order are the steps in the accounting cycle.

(1) prepare the financial statements
(2) post the journal entries to the ledger
(3) record journal entries
(4) prepare a trial balance

What is the proper order of these steps?

• A)(3), (2), (1), (4)
• B)(2), (3), (4), (1)
• C)(4), (3), (2), (1)
• D)(3), (2), (4), (1)

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Definitions:

Planned Change

A deliberate effort to improve a business or system through intentional interventions and strategies.

Overwhelmed

A state of feeling unable to cope due to excessive pressures or demands.

System

A set of interacting or interdependent components forming an integrated whole or a set of principles or procedures according to which something is done.

Rational Persuasion

Rational persuasion involves convincing others to change their attitudes or behaviors through logical arguments and factual evidence.