The Accounting Cycle Requires Three Trial Balances Be Done

question 22

Multiple Choice

The accounting cycle requires three trial balances be done. In what order should they be prepared?

• A) Post-closing, unadjusted, adjusted
• B) Unadjusted, post-closing, adjusted
• C) Unadjusted, adjusted, post-closing
• D) Post-closing, adjusted, unadjusted

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Definitions:

Subconscious Inner Forces

Mental processes and emotions not fully aware to the conscious mind that influence behavior and thoughts.

Psychodynamic Perspective

A psychological approach that emphasizes systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Informed Consent

A crucial process in healthcare and research settings which involves informing a participant or patient about the risks, benefits, and nature of a procedure or study before they agree to participate.

Cohort Effects

Phenomena where individuals born in the same time period or generation are influenced by events unique to that time, affecting them in a similar manner.