Which of the Accounting Steps in the Accounting Process Below

question 134

Multiple Choice

Which of the accounting steps in the accounting process below would be completed last?

• A) preparing the adjusted trial balance
• B) posting
• C) preparing the financial statements
• D) journalizing

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Definitions:

Population

In statistics, Population refers to the entire set of individuals or items of interest in a study, from which samples may be drawn.

Sample Data

A subset of a population or universe that is selected for analysis, aiming to estimate or make inferences about the entire population.

Six-Sigma

A statistical-based methodology aimed at improving business processes by reducing the probability of defects to as close to zero as possible.

Statistical Measure

A quantitative value derived from a sample or population, representing characteristics such as mean, median, or standard deviation.