Which of the Following Is Not a Step in the Accounting

question 88

Multiple Choice

Which of the following is not a step in the accounting process?

• A)Record relevant transactions and events in a journal.
• B)Post journal information to the ledger accounts.
• C)Prepare and analyze the trial balance and financial statements.
• D)Analyzing each transaction using the accounting equation.
• E)Verify that revenues and expenses are equal.

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Definitions:

Power

The ability or capacity to do something or act in a particular way, often implying the control or influence over others.

Frivolity

A lack of seriousness or sense of importance, often characterized by trivial or lighthearted behavior or content.

Fun

Fun is a feeling of enjoyment, amusement, or light-hearted pleasure experienced during activities or moments.

Identity

The distinguishing character or personality of an individual, brand, or company.