Which of the Following Activities Is NOT Part of the General

question 17

Multiple Choice

Which of the following activities is NOT part of the general ledger and financial reporting cycle?

• A)Preparing and updating journals and ledger accounts
• B)Preparing end-of-period adjusting entries and close the temporary accounts to profit and loss
• C)Preparing trial balances and producing financial reports
• D)Preparing cheque requisition

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Definitions:

Security Company

A business that provides services related to the protection of physical property and assets, including surveillance, alarm systems, and private security personnel.

Alarm System

A device or set of devices designed to alert or warn individuals of potential danger, such as break-ins or fires.

Discharges

The release or dismissal from a duty, obligation, or liability.

Employer

An individual or organization that hires and pays people to work for them under agreed-upon terms.