Posting from the Journal to the Ledger Does NOT Involve

question 8

Multiple Choice

Posting from the journal to the ledger does NOT involve which of the following steps?

• A) Enter the date of each transaction in the accounts.
• B) Enter the amount of each transaction in the accounts.
• C) Enter the page of the journal from which each transaction is posted in the accounts.
• D) Enter the description of the entry.

---

Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production or resource.

Resource Price

The cost associated with acquiring a resource needed for production, such as labor, materials, or capital.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The extra income produced by using an additional unit of a resource or input in the production process.