In a Computerized Accounting System, the Posting to the General

question 107

True/False

In a computerized accounting system, the posting to the general accounts ledger is done automatically.

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Definitions:

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to comply.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by all parties to be enforceable.

Statute of Frauds

A legal doctrine requiring certain contracts to be in writing to be legally enforceable.

Evidenced

Something that is made apparent or is provided as proof in support of an assertion, fact, or claim.