The Name Given to Entering Transaction Data in the Journal

question 60

Multiple Choice

The name given to entering transaction data in the journal is

• A) chronicling.
• B) listing.
• C) posting.
• D)journalizing.

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Definitions:

Sole Proprietorships

A form of business organization where a single individual owns, manages, and is responsible for all aspects of the business, including debts.

Net Income

The amount of profit earned in a period after all expenses, taxes, and costs have been subtracted from total revenue.

Fixed Ratio

A financial metric that reflects the consistency of a company's financial performance by comparing various fixed costs to its total expenses.

Interest On Capital

The return on investment that is required or anticipated for the money or capital invested in a business or project.