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Some Terms and Phrases Called ________ Have Become So Common

question 91

Multiple Choice

Some terms and phrases called ________ have become so common that they have lost some of their power to communicate,and ________ are newly coined terms often associated with technology,business,or cultural changes.


Definitions:

Posting

The act of recording financial transactions in the ledger of a company as part of the accounting process.

Journal

A book or digital record where financial transactions are initially recorded in chronological order.

Ledger Accounts

Records that summarize all the transactions related to a particular aspect of a business's finances, such as assets, liabilities, equity, revenue, and expenses.

Unearned Revenues

Income received by a company for goods or services yet to be delivered or performed, considered a liability until earned.

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