Transactions Are Recorded First in the Ledger and Then Transferred

question 45

True/False

Transactions are recorded first in the ledger and then transferred to the journal.

---

Definitions:

Financial Policies

Refer to the guidelines and rules that organizations or governments put in place to manage their income, expenses, and overall financial health.

Implement the Intervention

The process of putting into action a plan or program designed to bring about a specific outcome.

Process Evaluation

This refers to the systematic collection of information about a program or project to understand how it is operating and to assess whether it is achieving its goals.

Impact Evaluation

Impact evaluation assesses the changes that can be attributed to a particular intervention, including what outcomes would have happened in the absence of the intervention. It focuses on the causality between actions and outcomes.