The Accounting Process of Transferring a Transaction from the Journal

question 25

Multiple Choice

The accounting process of transferring a transaction from the journal to the ledger is called ________.

• A)journalizing
• B)posting
• C)compounding
• D)sourcing

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Definitions:

Manipulation

The act of skillfully handling, controlling, or using something or someone to achieve a desired outcome, often in a somewhat deceptive or unscrupulous way.

Collaborating

Working jointly with others or together especially in an intellectual endeavor to achieve a common goal.

Role-Play

A method of learning or therapy involving acting out roles or scenarios, often to practice behaviors or explore complex situations.

Collaboration

A work strategy where individuals work together towards a common goal, sharing responsibilities and contributions.