Which of the Following Is the Final Step in the Accounting

question 119

Multiple Choice

Which of the following is the final step in the accounting cycle?

• A)Prepare financial statements.
• B)Close the accounts.
• C)Prepare and adjusted trial balance.
• D)Post the journal entries to the ledger.

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Definitions:

Locus Of Control

A psychological concept that categorizes individuals based on their belief in personal control over life events, either internally (control lies within oneself) or externally (control lies outside).

Information Processing

The method by which humans take in, interpret, store, and retrieve information.

Initiative

The ability to assess and initiate actions independently.

Social Skills

Abilities used to communicate, interact, and build relationships with others effectively.