The Process of Copying the Information from the Journal to the Ledger

question 79

Multiple Choice

The process of copying the information from the journal to the ledger is called:

• A) posting.
• B) summarizing.
• C) journalizing.
• D) preparing the financial statements.

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Definitions:

Valid Treaties

Legally binding agreements between countries that are recognized and enforceable under international law.

Independent Nations

These are sovereign states that operate and make decisions independently from other entities and have full control over their own territory.

Regional Trade Communities

are groups of neighboring countries that have agreed to significantly reduce or eliminate trade barriers among themselves.

Central America

A geographical region in the Americas bordered by Mexico to the north, the Caribbean to the east, the Pacific Ocean to the southwest, and South America to the southeast.