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:

Opinions

Personal views, beliefs, or judgments that may not be based on fact or knowledge.

Weak Threat

A threat perceived as having little or no power to inflict harm or consequences, often resulting in minimal behavioral change.

Cognitive Dissonance

The psychological unease felt by someone who simultaneously harbors conflicting beliefs, ideas, or values.

Contradictory Attitudes

Holding conflicting beliefs or feelings towards a particular subject, object, or person.