The Accounting Process of Copying a Transaction from the Journal

question 88

Multiple Choice

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

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

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Definitions:

Compensating Differential

The additional amount of income that a worker receives for accepting a position that has undesirable aspects, such as high risk or unpleasant conditions.

Narcotics Squad

A specialized police unit focused on enforcing laws against the illegal use and trafficking of drugs.

Compensating Differential

The variation in wages that arises to offset the desirability or undesirability of a job attribute, like risk or location.

Prison Guard

A security officer who works in a prison and is responsible for the supervision, safety, and security of prisoners.