The Correct Term for the Process of Transferring Amounts from a Book

question 25

Multiple Choice

The correct term for the process of transferring amounts from a book of original entry to specific assets, liabilities, revenues, expenses, and stockholders' equity items is

• A)Double-entry system
• B)Posting
• C)Credit
• D)Journalizing

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Definitions:

Societal Issues

Challenges or problems that affect a large portion of society, which may include subjects like poverty, education, and environmental degradation.

Marketing Ethics

The area of applied ethics dealing with the moral principles behind the operation and regulation of marketing.

Environment

The sum of all external conditions and influences affecting the life, development, and survival of organisms, including natural, built, and social surroundings.

Corporate Social Responsibility

The commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.