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The last four steps in the accounting cycle include preparing the adjusted trial balance, preparing financial statements and recording closing and adjusting entries.

提问人:网友fjlabc2008 发布时间:2022-01-07
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更多“The last four steps in the acc…”相关的问题
第1题
The first five steps in the accounting cycle include analyzing transactions, journalizing, posting, preparing an unadjusted trial balance, and recording adjusting entries()

此题为判断题(对,错)。

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第2题
The last step of the planning and control cycle is to

A、Identify objectives

B、Choose alternative course of action

C、Obtain the actual result

D、Response to the divergences from plan

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第3题

Every morning I lay on the floor in the front parlour watching her door. The blind was pulled down to within an inch of the sash so that I could not be . When she came out on the doorstep my heart . I ran to the hall, seized my books and her. I kept her brown figure always in my eye and, when we came near the point at which our ways diverged, I my pace and passed her. This happened morning after morning. I had never to her, except for a few casual words, and yet her name was like a summons to all my foolish blood.

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第4题
PURPOSE OF ACCOUNTING Every company has an accounting office or a finance department that looks ()its accounting details. An accounting department is the backbone(脊梁)of every business. It records all the business transactions(交易), and keeps a track(记录) of the incomes(收入) and expenses(支出)of the business. The accounting department also helps to determine the correct financial position and standing of the business. For a systematic(系统的)and ()recording of transactions, accounting is important. The purpose of accounting is recording all the transactions honestly and accurately in the “Books of Accounts(账本)”. The accounting process can be defined ()“the process that begins when the transaction takes place and ends ()the transaction is recorded in the books of accounts”. It includes a series of steps that ()to analyze(分析)and record the business transactions for a particular period.

1.A. forB. afterC. up

2.A. accurateB. simpleC. correct

3.A. toB. atC. as

4.A. whenB. whichC. what

5.A. useB. is usedC. uses

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第5题
An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.
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第6题
Closing entries are designed to transfer the end-of-period balances in the revenue accounts, the expense accounts, and the withdrawals account to owner's capital.
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第7题
The Income Summary account is a permanent account that will be carried forward period after period.
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第8题
Closing entries are necessary so that owner's capital will begin each period with a zero balance.
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第9题
An unclassified balance sheet provides more information to users than a classified balance sheet.
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