The Following Are All the Steps in the Accounting Cycle

question 95

Essay

The following are all the steps in the accounting cycle. List them in the order in which they should be done.- Closing entries are journalized and posted to the ledger.- An unadjusted trial balance is prepared.- An optional end-of-period spreadsheet
(work sheet) is prepared.- A post-closing trial balance is prepared.- Adjusting entries are journalized and posted to the ledger.- Transactions are analyzed and recorded in the journal.- Adjustment data are assembled and analyzed.- Financial statements are prepared.- An adjusted trial balance is prepared.- Transactions are posted to the ledger.

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Definitions:

Intentions To Act

The motivational factors that influence an individual's decision to engage in a particular behavior, strongly predicting the likelihood of performing the behavior.

Multiple-Act Criterion

A method in psychology used to judge behavior across different situations for a more comprehensive assessment of traits or tendencies.

General Attitudes

The overall or broad evaluations individuals hold towards objects, people, or situations, reflecting their feelings, beliefs, and behavioral tendencies.

Fishbein And Azjen

Refers to psychologists Icek Ajzen and Martin Fishbein, known for their work in the field of social psychology and the Theory of Reasoned Action and Theory of Planned Behavior.