Which of the Following Is Done Last at the End

question 60

Multiple Choice

Which of the following is done last at the end of the year?

• A)Prepare adjusting journal entries.
• B)Prepare an Adjusted Trial Balance
• C)Prepare closing journal entries.
• D)Prepare a post-closing trial balance.

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Definitions:

McClelland's Model

A psychological theory of motivation that asserts people are motivated by three primary needs: achievement, affiliation, and power.

Personal Relationships

Interpersonal connections formed between individuals based on shared interests, emotions, and other social commitments.

Esteem Needs

A higher-level requirement in Maslow's hierarchy of needs that includes the desire for respect, status, recognition, and self-esteem.

Maslow's Hierarchy

A theory in psychology proposing that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, prioritized hierarchically.