Which of the Following Correctly States the Proper Order of the Steps

question 74

Multiple Choice

Which of the following correctly states the proper order of the steps in the accounting cycle?

• A)Record transactions,adjust accounts,close temporary accounts,prepare statements.
• B)Adjust accounts,record transactions,close temporary accounts,prepare statements.
• C)Record transactions,adjust accounts,prepare statements,close temporary accounts.
• D)Adjust accounts,prepare statements,record transactions,close temporary accounts.

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Definitions:

Adaptive Leadership

A leadership approach that encourages leaders to adapt to changing environments and situations by being flexible and responsive.

Changing Environments

Entails the dynamic and evolving nature of both the natural and organizational contexts, requiring adaptability and flexibility from individuals and systems.

Systems Perspective

An analytical framework that views entities as interconnected and interdependent components of a larger, complex system.

External Environments

Elements and conditions outside an organization that can influence its activities and choices, including economic, political, social, and technological factors.