The Accounting Process of Transferring a Transaction from the Journal

question 25

Multiple Choice

The accounting process of transferring a transaction from the journal to the ledger is called ________.

• A)journalizing
• B)posting
• C)compounding
• D)sourcing

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Definitions:

Need to Belong

The need to belong is a fundamental human motivation to form and maintain strong, stable interpersonal relationships.

Trait Self-control

The personality characteristic that involves the ability to regulate one’s thoughts, feelings, and behaviors to achieve long-term goals.

Universal

Applicable everywhere or in all cases; general or widespread in nature.

Cultures

The shared beliefs, practices, norms, and values of a group of people that shape their behavior and interactions.