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The Process of Transferring Information from a General Journal to a General

question 117

Multiple Choice

The process of transferring information from a general journal to a general ledger is referred to as _____.


Definitions:

Present Value

The present-day assessment of a future sum of money or cash flow series, after considering a specified rate of return.

Cash Flows

The net amount of cash being transferred into and out of a business.

Compounded Monthly

Compounded monthly refers to the process of calculating interest on an investment or loan by adding the interest earned to the principal, so that each subsequent interest calculation is made on a larger base.

Cash on Hand

The amount of cash a company or individual has available at any given time.

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