98.The action in the accounting cycle that is percreated on a periodic basis (i.e., monthly, quarterly) is

a.analyzing transactions.

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b.journalizing and also posting adjusting entries.

c.preparing a post-closing trial balance.

d.posting to ledger accounts.

99.Which among the complying with is an optional action in the accounting cycle of a company enterprise?

a.Analyze company transactions

b.Prepare a worksheet

c.Prepare a trial balance

d.Article to the ledger accounts

100.The final step in the bookkeeping cycle is to prepare

a.closing entries.

b.financial statements.

c.a post-closing trial balance.

d.adjusting entries.

101.Which of the following actions in the bookkeeping cycle would not mostly be perdeveloped daily?

a.Journalize transactions

b.Message to ledger accounts

c.Prepare adjusting entries

d.Analyze company transactions

102.Which of the complying with procedures in the bookkeeping cycle might be performed a lot of frequently?

a.Prepare a post-cshedding trial balance

b.Journalize closing entries

c.Blog post closing entries

d.Prepare a trial balance

103.Which of the complying with depicts the appropriate sequence of procedures in the accountancy cycle?

a.Journalize the transactions, analyze company transactions, prepare a trial balance

b.Prepare a trial balance, prepare financial statements, prepare adjusting entries

c.Prepare a trial balance, prepare adjusting entries, prepare financial statements

d.Prepare a trial balance, article to ledger accounts, write-up adjusting entries

104.The two optional actions in the accountancy cycle are preparing

a.a post-cshedding trial balance and also reversing entries.

b.a worksheet and post-cshedding trial balances.

c.reversing entries and also a worksheet.

d.an changed trial balance and also a post-closing trial balance.

105.The first compelled step in the accounting cycle is

a.reversing entries.

b.journalizing transactions in the book of original entry.

c.analyzing transactions.

d.posting transactions.

106.Correcting entries

a.constantly affect at least one balance sheet account and one earnings statement account.

b.influence income statement accounts just.

c.affect balance sheet accounts only.

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d.might involve any kind of combination of accounts in need of correction.

107.Easttimber Message Pavillion got a $650 check from a customer for the balance due. The transactivity was erroneously tape-recorded as a debit to Cash $560 and a crmodify to Service Revenue $560. The correcting entry is