Which of the Following Is the Usual Final Step in the Accounting

question 157

Multiple Choice

Which of the following is the usual final step in the accounting cycle?

• A) Preparing a post-closing trial balance.
• B) Preparing the financial statements.
• C) Journalizing transactions.
• D) Preparing a work sheet.
• E) Preparing an adjusted trial balance.

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Definitions:

Sensory Adaptation

Sensory receptors' diminishing sensitivity to persistent stimuli through time.

Threshold

The level of stimulation required to trigger a neural impulse.

Signal Detection

Signal detection involves the process of identifying and processing sensory stimuli or signals, discerning them from background noise, and making decisions based on that information.

Phantom Limb Sensations

The phenomenon where individuals feel sensations or even pain in a limb or a part of a limb that has been amputated.