The Principal Purpose of Posting Is to

question 90

Multiple Choice

The principal purpose of posting is to

• A) enter transactions directly into the ledger.
• B) help identify errors made in the journal.
• C) obtain updated account balances.
• D) help determine if the financial statements are ready to be prepared.

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Definitions:

Decision Makers

Individuals or groups responsible for making choices that determine an organization's or individual's course of action.

Respondents

Individuals or entities that provide answers or feedback in response to questions in surveys, interviews, or research studies.

Time Horizon Categories

The classification of planning or forecasting periods into short-term, medium-term, and long-term, based on their respective durations.