Posting Accounting Transactions Avoids the Necessity of Journalizing Transactions

question 50

True/False

Posting accounting transactions avoids the necessity of journalizing transactions.

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Definitions:

In Personam Jurisdiction

The authority of a court to exercise power over a particular defendant based on the defendant's personal connections to the location where the court sits.

Serving Process

The act of delivering legal documents such as summons, complaints, or subpoenas to a defendant or a person involved in a court case.

Party

An individual or group involved in a contract, agreement, or legal dispute.

State

A politically organized body of people under a single government.