Transactions Are Entered in the Ledger Accounts and Then Transferred

question 138

True/False

Transactions are entered in the ledger accounts and then transferred to journals.

---

Definitions:

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Equity

The idea that each person receives benefits in proportion to what he or she contributes.

Equality

The state or quality of being equal, especially in status, rights, and opportunities, advocating for fairness and non-discrimination.

Reciprocities

Mutual exchanges of privileges or interactions between parties where each party gives and receives something of value.