Of the Following Steps of the Accounting Cycle, Which Step

question 22

Multiple Choice

Of the following steps of the accounting cycle, which step should be completed last?

• A) An adjusted trial balance is prepared.
• B) Transactions are posted to the ledger.
• C) An unadjusted trial balance is prepared.
• D) Adjusting entries are journalized and posted to the ledger.

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Definitions:

Referent Power

A form of influence based on the charisma or likability of the leader, leading others to identify with them.

Charisma

A personal attribute that enables an individual to inspire and attract followers through their allure and magnetic personality.

Coercive Power

The capability to force someone to perform a desired action through threats or punishment.

Referent Power

A form of influence based on the loyalty and respect one commands due to personal traits or charisma, rather than a formal position or authority.