Which of the Following Would Create Transactional Information

question 137

Multiple Choice

Which of the following would create transactional information?

• A) Projecting future sales growth
• B) Making an airline reservation
• C) A semistructured decision to hire more employees
• D) Generating payroll reports

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Definitions:

Liabilities

Financial obligations or debts owed by a company to creditors or suppliers, which must be settled over time.

Posting

the process of transferring journal entries to respective accounts in the ledger.

Ledger

A book or electronic record used to record all of a company's financial transactions in chronological order.

T-account

A graphical representation used in accounting to illustrate the effects of transactions on account balances, with debits on the left and credits on the right.