Which of the Following Correctly States the Proper Order of the Accounting

question 83

Multiple Choice

Which of the following correctly states the proper order of the accounting cycle?

• A)Record transactions, adjust accounts, prepare statements, close temporary accounts.
• B)Adjust accounts, record transactions, close temporary accounts, prepare statements.
• C)Prepare statements, record transactions, close temporary accounts, adjust accounts.
• D)Adjust accounts, prepare statements, record transactions, close temporary accounts.

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Definitions:

Employment Contract

A legal document that specifies the terms and conditions of the relationship between an employer and an employee.

United States Supreme Court

The United States Supreme Court is the highest judiciary authority in the U.S., having the ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional and federal law.

In Rem Jurisdiction

Court jurisdiction over a defendant’s property.

Resident of Illinois

A person who legally lives in or has established domicile in the state of Illinois, USA.