The Principal Purpose of Posting Is to

question 90

Multiple Choice

The principal purpose of posting is to

• A) enter transactions directly into the ledger.
• B) help identify errors made in the journal.
• C) obtain updated account balances.
• D) help determine if the financial statements are ready to be prepared.

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Definitions:

Market Revolution

A period of rapid economic transformation in the United States during the 19th century, characterized by the expansion of capitalism and industrialization.

Interregional Trade

Trade that occurs between different regions within a country or across different countries, involving the exchange of goods and services.

Cincinnati

A city in the state of Ohio, United States, known for its rich history, cultural heritage, and as a major economic and social hub in the Midwest.

St. Louis

A major city in Missouri, United States, known for its significant historical events, cultural contributions, and landmarks such as the Gateway Arch.