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:

Outstanding Balance

The outstanding balance is the amount of debt, or loan, that remains to be paid off.

Cash Flows

A reiteration emphasizing on multiple streams or instances of money being transferred into and out of a business or investment.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Trial-And-Error

A method of problem-solving that involves testing various methods of achieving an outcome until a satisfactory solution is found.