When Posting a Journal Entry to the Ledger,we Transfer

question 97

Multiple Choice

When posting a journal entry to the ledger,we transfer:

• A)the dollar amount of debits in the journal entry to the appropriate accounts.
• B)the dollar amounts of credits in the journal entry to the appropriate accounts.
• C)the name of the person who prepared the journal entry.
• D)A and B.

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Definitions:

Preparing

The act of making ready or being made ready for use or consideration, involving planning and arrangement.

Summarizing

Summarizing involves condensing the main ideas or points of a discussion, document, or presentation into a brief synopsis.

Rehearsing

The act of practicing or going over material, actions, or presentations beforehand to ensure a smooth performance.

Warning Signals

Indications or alerts that suggest a potential problem, danger, or the need for action.