Posting

question 161

Multiple Choice

Posting

• A) should be performed in account number order.
• B) accumulates the effects of journalized transactions in the individual accounts.
• C) involves transferring all debits and credits on a journal page to the trial balance.
• D) is accomplished by examining ledger accounts and seeing which ones need updating.

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Definitions:

Commercial Banks

Financial institutions that offer a wide range of services like accepting deposits, providing business loans, and offering basic investment products.

Pension Fund Managers

Pension fund managers are professionals responsible for managing investment strategies for pension funds to ensure there are sufficient assets to pay out retirees' pensions.