The Accounting Process of Copying a Transaction from the Journal

question 84

Multiple Choice

The accounting process of copying a transaction from the journal to the ledger is called:

• A)proofing.
• B)footing.
• C)posting.
• D)journalising.

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Definitions:

Start

The beginning or initiation of an action, process, or operation.

General Partnership

A business structure where two or more individuals share ownership, profits, and responsibilities.

Liability

The state of being legally responsible for something, typically involving financial compensation for harm or damages.

Souvenir Shop

A retail establishment specializing in the sale of goods and memorabilia indicative of a particular location or event, aimed primarily at tourists.