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________ Is the Transferring of Information from the General Journal

question 12

Multiple Choice

________ is the transferring of information from the General Journal to the General Ledger.


Definitions:

Transactions

Acts of buying or selling goods, services, or financial instruments.

Invests

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Cash Payment

A transaction in which money is paid out or disbursed immediately in cash.

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