Posting Is Performed by Transferring Information from the

question 99

Multiple Choice

Posting is performed by transferring information from the

• A)source documents to the journal.
• B)source documents to the ledger.
• C)journal to the ledger.
• D)ledger to the journal.

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Definitions:

NSF Checks

Non-sufficient funds checks are ones that cannot be processed because the drawer's account does not have enough money to cover the amount.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, following the double-entry system.

Days' Cash on Hand

A financial metric indicating the number of days a company can continue to operate using only its available cash, without additional income.

Cash Account

A financial record that tracks the cash transactions of a business, reflecting all inflows and outflows of cash.