Posting Is the Transfer of Journal Entries to the Ledger

question 100

True/False

Posting is the transfer of journal entries to the ledger accounts.

---

Definitions:

Preferred Stockholders

Investors who own preferred shares in a company, which typically provide dividends before common stock and have priority over common shareholders in asset liquidation.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, representing the value at which it is issued.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and often pays dividends.

Cumulative

Refers to the total amount accumulated over a period of time, often used to describe amounts of money or measurements that build up until a specific point is reached.