Which of the Following Identifies the Proper Order of the Accounting

question 194

Multiple Choice

Which of the following identifies the proper order of the accounting cycle?

• A)Analyze,journalize,unadjusted trial balance
• B)Analyze,post,unadjusted trial balance
• C)Journalize,post,unadjusted trial balance
• D)Unadjusted trial balance,adjusted trial balance,close
• E)Adjusted trial balance,adjustments,financial statements

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Definitions:

Business Activity

The various actions a business engages in as part of its operations, ranging from production to sales.

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.