Posting Is the Process of Copying Data from the Ledger

question 70

True/False

Posting is the process of copying data from the ledger to the journal.

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Definitions:

Arbitrator

The third party in the arbitration procedure whose job is to settle the dispute.

Demands

Requests or claims, typically forceful, for something considered due or legally owed.

Binding Decision

A decision, ruling, or judgment that is final and enforceable by law, requiring the parties involved to comply.

Discovery

A pre-trial procedure in a lawsuit where each party can obtain evidence from the other party or parties by means of discovery devices such as interrogatories, depositions, requests for production of documents.