The Purpose of Posting Is To

question 1

Multiple Choice

The purpose of posting is to:

• A) record the transactions in chronological order in the journal.
• B) provide an explanation of the transaction.
• C) update the account balances in the ledger.
• D) correct a previous entry.

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Definitions:

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how the defendant behaved.

Negligence Per Se

A principle in law where an action is deemed negligent due to the breach of a law or regulation.

Surgical Sponge

A sterile, absorbent pad or cloth used in surgery to absorb blood and other fluids, ensuring a clean surgical field.

Compensatory Damages

Monetary compensation awarded to a plaintiff to cover the actual loss, damage, or injury suffered as a result of the defendant's actions.