Examlex
Which of the following statements is true of the wave concept of electromagnetic radiation?
Journalizing
The act of recording business transactions in the journal, forming the initial step of the accounting cycle.
Posting Process
The act of transferring entries from a journal to the corresponding accounts in the ledger.
Balance Incorrectly
This term does not align with a standard accounting key term, so its accuracy as a finance or accounting term is questionable. NO.
Trial Balance
A tabulation for accounting purposes where all ledger balances are gathered, displaying equal totals in both debit and credit sections.
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