The Order of the Flow of Accounting Data Is to (1)record

question 102

True/False

The order of the flow of accounting data is to (1)record in a journal, (2)post in a ledger, (3)prepare a trial balance.

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Definitions:

Direct;Inverse

Direct refers to a relationship between two variables that move in the same direction, while inverse indicates a relationship where one variable increases as the other decreases.

Inferior Goods

Goods for which demand decreases as the income of consumers increases, opposite to normal goods where demand increases with rising income.

Ramen Noodles

A fast-cooking type of noodle dish, often sold in packets or cups, known for its convenience and low cost, originating from Japan.

Boxed Macaroni

Pre-packaged, dry macaroni pasta that is typically accompanied by powdered or liquid cheese, intended for quick and easy preparation.