Which Statement Is False About Posting

question 60

Multiple Choice

Which statement is false about posting?

• A) Accounts numbers are written in the reference column of the journal.
• B) The explanation space of the ledger account is used infrequently used.
• C) Posting is performed in alphabetical order.
• D) Posting is performed after journalizing.

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Definitions:

Individual Firm

An individual firm refers to a single business entity that operates in a market to produce or sell goods and services.

Relatively Easy Entry

Refers to industries or markets where barriers to entry are minimal, allowing new competitors to join with fewer obstacles.

Similar Products

Goods that serve the same purpose or function and can substitute for each other in consumer usage.

Large Number

Refers to a quantity significant enough to influence or be noticed within a particular context, often used in statistical or mathematical analyses.