The Purpose of Posting Is to

question 174

Multiple Choice

The purpose of posting is to

• A) list the transactions in chronological order in the journal.
• B) provide an explanation of the transaction.
• C) update the account balances in the ledger.
• D) correct a previous entry.

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Definitions:

Positive

Characterized by or displaying affirmation, agreement, or constructive qualities or results.

Relationship

How two or more ideas, objects, or persons are related, or the status of being in relation.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Continuous

A type of data or function that can take any value within a given range, without any breaks or discrete jumps.