The Process of Transferring the Debits and Credits from the Journal

question 14

Multiple Choice

The process of transferring the debits and credits from the journal entries to the accounts is called

• A) sliding
• B) transposing
• C) journalizing
• D) posting

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Definitions:

Zero-Coupon Bond

A debt security that does not pay interest (coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its face value.

Yield to Maturity

The total return anticipated on a bond if held until it matures, considering all payments of interest and principal and the time value of money.

Par Value

The face value of a bond or stock, typically the value printed on the certificate, which does not necessarily reflect its market value.

Treasury Bond

Long-term government debt securities issued by the U.S. Department of the Treasury, with maturity periods typically ranging from 20 to 30 years, considered low-risk investments.