Two of the Steps in the Accounting Cycle Are Adjusting

question 44

True/False

Two of the steps in the accounting cycle are adjusting the accounts and closing the accounts.

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Definitions:

Evolution

The process through which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Charles Darwin

A 19th-century naturalist who is best known for his contributions to the theory of evolution by natural selection.

Basic Emotions

Emotions that are unlearned and universal, that are reflected in the same facial expressions across cultures, and that emerge in children according to their biological timetable of development; fear, anger, disgust, surprise, happiness, and sadness are usually considered basic emotions.

Facial Expressions

Visible changes in the face that convey emotional states, intentions, or social communications.