Define the Following Terms

question 4

Short Answer

Define the following terms
-probability proportionate to size (PPS)

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Definitions:

Posting

The transferring, copying, or recording of information from a journal to a ledger.

Sliding

A term often used in various contexts to describe a gradual, steady movement or shift from one position or condition to another.

Accounting Cycle

A sequence of steps undertaken in a specific order by businesses to handle their financial transactions from their inception to their inclusion in the financial statements.

Recording Journal Entries

The process of documenting all financial transactions of a business in the double-entry accounting system through debits and credits.