What Is the Term for Transferring Data from the General

question 49

Multiple Choice

What is the term for transferring data from the General Journal to the General Ledger?

• A) Ledgering
• B) Posting
• C) Cross-referencing
• D) Transcribing

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Definitions:

Standard Oil Trust

A historical example of a corporate monopoly in the United States, established by John D. Rockefeller to control oil production and prices.

Corporate Takeovers

The acquisition of one company, called the target company, by another, referred to as the acquiring company.

Financial Defenses

Strategies and measures implemented by individuals, companies, or countries to protect financial assets and income against risks and volatility.

Short-Term Profitability

The ability of a company to generate profits over a brief period, typically less than one year.