The Process of Transferring Data from the Ledger to the Journal

question 144

True/False

The process of transferring data from the ledger to the journal is called posting.

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Definitions:

Square Feet

A unit of area measurement used primarily in the United States, equal to the area of a square with sides one foot long.

Premise

A statement or proposition that serves as the basis for an argument or from which a conclusion is drawn.

Introduces

The act of presenting something or someone for the first time, or bringing something into use or operation.

Conclusion

The final judgement or decision reached by reasoning, or the end part of an argument where the logical outcome is stated.