The Last Step in the Journalizing Process Is To

question 103

Multiple Choice

The last step in the journalizing process is to:

• A)enter the transaction to the journal.
• B)post the transaction to the ledger.
• C)determine the accounts involved in the transaction.
• D)identify the transaction and its data.

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Definitions:

Strategic Objectives

Goals set by a business to guide its overarching strategy and direction for future growth and success.

IRS

The United States government agency responsible for the collection of taxes and enforcement of tax laws.

Taxable Income

Income subject to tax, after accounting for deductions and exemptions, used to determine how much tax an individual or corporation owes.

Performance Measurement Systems

Tools and methodologies used to assess and monitor the performance of individuals, teams, and organizations against set goals and objectives.