The First Step in Posting Involves

question 153

Multiple Choice

The first step in posting involves

• A) entering in the appropriate ledger account the date journal page and debit amount shown in the journal.
• B) writing in the journal the account number to which the debit amount was posted.
• C) writing in the journal the account number to which the credit amount was posted.
• D) entering in the appropriate ledger account the date journal page and credit amount shown in the journal.

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.

Producing Unit

A part of a company or a machine that is responsible for manufacturing or creating goods.

Units

A standard measure or quantity used to specify or quantify the amount of a product, service, or resource.

Prices

The amount of money required to purchase goods or services.