In Accounting, the Process of Posting Involves Transferring Data from The

question 128

Multiple Choice

In accounting, the process of posting involves transferring data from the:

• A)ledger to the journal.
• B)journal to the ledger.
• C)source documents to the ledger.
• D)source documents to the journal.

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Definitions:

Registered

The process of recording information or property, like trademarks or land, with an official agency to establish legal ownership and protection.

Licence

A non-exclusive right to use property; revocable permission to use another’s land.

Sole Proprietor

An individual who owns and operates a business alone, bearing full responsibility for all debts and obligations of the business.

Wrongful Conduct

Actions or behaviors by an individual or entity that are illegal, unethical, or otherwise deemed inappropriate by societal or legal standards.