The First Step of the Accounting Cycle Is

question 144

Multiple Choice

The first step of the accounting cycle is

• A) recording journal entries.
• B) posting to the ledger.
• C) preparing a trial balance.
• D) analyzing business transactions.

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Definitions:

Stimulus Words

Words that are used to evoke a reaction in a psychological experiment, often testing association, memory, or emotional response.

Self Archetype

In Jungian psychology, represents the unification of the consciousness and unconsciousness in an individual, embodying the sense of wholeness and integration.

Equilibrium

A state of physical balance or a stable situation in which forces cancel one another.

Forces

Influences or powers that can cause changes in physical motion or in social or psychological dynamics.