Which One of the Following Is the Last Step in the Accounting

question 110

Multiple Choice

Which one of the following is the last step in the accounting cycle?

• A)analyze transactions
• B)recording and posting adjustments
• C)closing the accounts
• D)preparing financial statements

---

Definitions:

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition (DSM-IV), is a manual published by the American Psychiatric Association that outlines the standard criteria for the classification and diagnosis of mental disorders.

Daily Activities

encompasses all the tasks, routines, and rituals a person engages in throughout a typical day.

Agoraphobia

An anxiety disorder characterized by an intense fear of being in places where escape might be difficult or embarrassing, or help might not be available in the event of a panic attack.

Panic Disorder

A psychiatric disorder characterized by sudden, repeated episodes of intense fear accompanied by physical symptoms like chest pain, heart palpitations, and shortness of breath.