The Principal Purpose of Posting Is to

question 43

Multiple Choice

The principal purpose of posting is to

• A)help identify errors made in the journal.
• B)accumulate the effects of journalized transactions in the individual accounts.
• C)enter transactions directly into the general ledger.
• D)help determine if the financial statements are ready to be prepared.

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Definitions:

Exploitation

The unfair treatment or use of someone or something for one's own advantage, often in a way that neglects or disregards their well-being.

Sociological

Pertains to sociology, which is the study of social behavior, society, patterns of social relationships, social interaction, and culture.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.

Social World

The sphere of human interaction and relationship, influenced by cultural, economical, and political structures.