The Steps of the Accounting Cycle Are Followed Throughout the Accounting

question 20

True/False

The steps of the accounting cycle are followed throughout the accounting period.

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Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Persistence

The quality of continuing steadfastly or firmly in a course of action in spite of difficulty or lack of success.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences through study, experience, or teaching.

Retrieval

The process of accessing and bringing into consciousness information stored in memory.