Preparation of Closing Entries

question 34

Multiple Choice

Preparation of closing entries

• A)is an optional step in the accounting cycle.
• B)is the first step after posting to the general ledger.
• C)assist in achieving periodicity and accrual accounting.
• D)All of these choices.

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Definitions:

Stigmatizing Attribute

A characteristic of a person that is socially devalued or discredited, leading to stigma or discrimination.

Total Self

The complete set of characteristics, values, beliefs, and abilities that make up an individual's identity.

Stigma Consciousness

The awareness of the stereotypes and negative perceptions associated with one's group, affecting behavior and self-perception.

Stereotype Threat

The situational predicament in which individuals are at risk of confirming negative stereotypes about their social group, affecting their performance and behavior.