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:

Business Risk

The exposure to factors that may cause a business to experience lower than expected profits or even losses, including market changes, regulatory changes, and operational failures.

Macroenconomy

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on national income, unemployment, and inflation.

Donald Boudreaux

An American economist known for his work in free market economics and public choice theory, and for being a prolific writer on these subjects.

Private Property

Assets or possessions owned by individuals or corporations and protected by law from unauthorized use or trespass by others.