Some of the Steps in the Accounting Cycle Are Listed

question 66

Multiple Choice

Some of the steps in the accounting cycle are listed below.Select the choice that places these steps in the correct order.
1. Close the accounts.
2. Post transactions to ac counts in the ledger
3. Journalize daily transactions.
4. Record and post adjustments.
5. Prepare financial statements.

• A)2,3,4,5,1
• B)3,2,4,5,1
• C)3,2,4,1,5
• D)3,2,5,4,1

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Definitions:

Schizophrenia

A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Antipsychotic Medications

A class of medication primarily used to manage psychosis, including hallucinations, delusions, paranoia, or disordered thought.

Psychiatric Hospital

A specialized medical facility dedicated to the diagnosis, treatment, and care of individuals with mental disorders or illnesses.

Dopamine

A neurotransmitter involved in many functions, including mood regulation, reward, and motor control.