There Are Four Basic Activities Performed in the General Ledger

question 35

Multiple Choice

There are four basic activities performed in the general ledger and reporting system.Several of these activities represent the basic steps in the accounting cycle.In what step is the adjusted trial balance prepared?

• A)update the general ledger
• B)post adjusting entries
• C)prepare financial statements
• D)produce managerial reports

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Definitions:

USB 3.1

A version of the Universal Serial Bus standard for technology that offers significantly faster transfer rates than its predecessor, USB 3.0.

Removable Storage

Portable devices or media that allow users to transfer data between computers without requiring a permanent connection.

Digital Data

Information stored in a digital format, utilizing binary code of ones and zeroes, allowing for efficient storage, processing, and transmission.

Collaboration

The act of working together with others to complete a task or achieve a common goal.