A High Volume of Posting Is the Hallmark of Popular

question 74

True/False

A high volume of posting is the hallmark of popular and influential blogs but also tends to create a lot of junk.

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Definitions:

Unadjusted Trial Balance

A report listing all the accounts and their balances before any adjusting entries are made, used to check the equality of debits and credits.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Close Account Year-End

The process of updating account balances and summarizing a company's financial activities to prepare for the next accounting period.