The Accounting Process of Copying a Transaction from the Journal

question 84

Multiple Choice

The accounting process of copying a transaction from the journal to the ledger is called:

• A)proofing.
• B)footing.
• C)posting.
• D)journalising.

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Definitions:

Low Coupon Bond

A bond that pays interest at a lower rate than the market rate, typically resulting in its selling at a discount to face value.

Interest Rates

The rate at which a borrower pays interest to a lender for borrowing money.

Coupon Payments

Regular interest payments made to bondholders during the lifetime of the bond.

Floating Rate Bonds

Bonds with interest rates that adjust periodically based on a reference rate.