Posting

question 8

Multiple Choice

Posting

• A) Accumulates the effects of ledger entries and transfers them to the general journal.
• B) Is done only for income statement activity; activity related to the statement of financial position does not require posting.
• C) Is done once per year.
• D) Transfers journal entries to the ledger accounts.

Differentiate between an idea and an opportunity in the business context.

Understand the initial tax obligations for new businesses, including the requirement for advance payments of estimated income taxes.

Identify and evaluate the advantages and disadvantages of starting a business from scratch.

Understand the concept, growth factors, and significance of home-based businesses in the current economic climate.

---

Definitions:

Developed

Pertains to countries that have a high level of industrialization, a high standard of living, and a well-established economic structure.

Evaluating Mutual Funds

The process of assessing the performance, management, and investment strategies of mutual funds to determine their suitability for an investor.

Rank Portfolios

The process of arranging portfolios in order according to a certain criterion, such as return or risk.

Nearly Identical

Refers to items or entities that are almost the same in appearance, characteristics, or quality, with very minor differences.