Transactions Are Recorded First in the Ledger and Then Transferred

question 45

True/False

Transactions are recorded first in the ledger and then transferred to the journal.

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Definitions:

Single-parent Families

Households headed by only one parent, encompassing the responsibilities of raising children.

Foster Families

Temporary homes provided by individuals or families for children whose biological parents are unable to care for them.

Foster Care

A setup where a young person is placed into a guardianship situation, like a ward or group home, or into the private residence of a caregiver certified by the state, known as a "foster parent".

Legal Custody

The legal authority granted to a parent or guardian to make significant decisions regarding a child's welfare, including education, medical care, and religious upbringing.