When Recording a Business Transaction into the General Ledger,certain Steps

question 49

Multiple Choice

When recording a business transaction into the general ledger,certain steps are followed.Identify the statement below that is

• A) The process of transferring data from the journal to the ledger is called posting.
• B) All transactions are recorded first in the general journal and then they are transferred to the general ledger.
• C) All transactions are recorded first in the general ledger and then they are transferred to the journal.
• D) After posting a transaction,the new balance in an account can be seen in the general ledger.

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Definitions:

Gender

A social construct that refers to a set of social roles, attitudes, and behaviours that describe people of different sexes.

Matriarchal Society

A society or organization wherein female leaders predominate, particularly in terms of social power and authority.

Functional Society

A society that operates effectively due to the well-structured interrelation of its institutions and practices meeting the needs of its members.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.