Ask Question
BusinessBusiness
26 November, 09:56

Which of the following phases of the accounting information processing cycle is performed at the end of the accounting period? A. A. Adjusting entries. B. Peer reviews. C. Liquidation D. Transaction entries

+5
Answers (1)
  1. 26 November, 10:13
    0
    A. Adjusting entries.

    Explanation:

    There are various steps in the accounting cycle which are as follows:

    1. Business organization transactions analysis.

    2. Recording of journal entries

    3. Posting to ledger accounts

    4. Preparation of trial balance

    5. Record adjusting entries

    6. Preparation of adjusted trial balance

    7. Preparation of financial statements

    8. Close the accounts

    9. At last, Do post-closing of trial balance

    So, the correct option is A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following phases of the accounting information processing cycle is performed at the end of the accounting period? A. A. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Umbrellas are highly seasonal l. therr highest selling month is 325% of their lowest selling month. Durring their lowest selling month, they sell 980 units. How many units do they sell durri g the peak month
Answers (1)
The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,260. A total of 37 direct labor-hours and 141 machine-hours were worked on the job.
Answers (1)
Rhonda sells a house she has owned for 15 years. To make it more marketable, she buys carpet and has it professionally installed and buys wallpaper that her daughter hangs. Which items are included in this year's GDP?
Answers (1)
How Central Bank control the activities of the Commercial Bank?
Answers (1)
LO 8.4The variable overhead efficiency variance is caused by the difference between which of the following? actual and budgeted units actual and standard allocation base actual and standard overhead rates actual units and actual overhead rates
Answers (1)
New Questions in Business
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Home » Business » Which of the following phases of the accounting information processing cycle is performed at the end of the accounting period? A. A. Adjusting entries. B. Peer reviews. C. Liquidation D. Transaction entries
Sign Up Forgot Password?