The Accounting Cycle Requires Three Trial Balances Be Done

question 147

Multiple Choice

The accounting cycle requires three trial balances be done. In what order should they be prepared?

• A) post-closing, unadjusted, adjusted
• B) unadjusted, post-closing, adjusted
• C) unadjusted, adjusted, post-closing
• D) post-closing, adjusted, unadjusted

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Definitions:

Fill Orders

The process of completing customer orders by preparing and delivering the requested goods or services.

Manufacturing Cycle Efficiency

A measure of the efficiency of the production process, calculated as the value-added time divided by the total cycle time.

Delivery Performance

A measurement of how well a company can meet its promised delivery times to customers.

Delivery Cycle Time

The total time taken from receipt of a customer order to the delivery of the product or service.