Posting of Journal Entries Should Be Done in

question 46

Multiple Choice

Posting of journal entries should be done in

• A) account number order.
• B) alphabetical order.
• C) chronological order.
• D) dollar amount order.

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Definitions:

Global Business

The conduct of trade, production, marketing, and sales operations on a worldwide scale, transcending national borders.

National Boundaries

The defined geographical limits of a nation, separating it from neighboring countries and marking the extent of its jurisdiction and sovereignty.

Ethical Standards

The principles that guide behavior and decision-making based on notions of right and wrong.

Risk Compartmentalization

The division of risks into different categories or compartments in an organization, which can lead to disjointed risk management and a failure to recognize the aggregate extent of risks.