The Following Are Steps in the Accounting Cycle

question 161

Multiple Choice

The following are steps in the accounting cycle. Of the following, which would be prepared 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:

Lipid

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins (such as vitamins A, D, E, and K), monoglycerides, diglycerides, triglycerides, phospholipids, and others.

Kcal/g

A unit of energy measurement indicating the number of kilocalories per gram, used in the context of food energy content.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, thermal, electrical, chemical, nuclear, or other forms.

Protein

Essential macronutrients made of amino acids, crucial for building and repairing tissues, making enzymes, and supporting immune function.