The Process of Copying the Debits and Credits from the Journal

question 73

True/False

The process of copying the debits and credits from the journal to the ledger accounts is known as posting.

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Definitions:

Organizational Requirements

The necessary conditions, resources, and capabilities needed for an organization to operate or achieve its objectives.

Individual Skills

the specific abilities and talents that an individual possesses, which can contribute to their performance.

Performance Appraisal System

A structured process through which employee performance is assessed, typically for the purpose of making decisions about promotions, compensation, and development.

Reliable And Valid

Terms referring to the consistency (reliability) and accuracy (validity) of a measurement or assessment tool.