Posting a Transaction Means ________

question 89

Multiple Choice

Posting a transaction means ________.

• A) calculating the balance in an account
• B) transferring data from the journal to the ledger
• C) preparing a summary of account balances
• D) finding the account number in the chart of accounts

---

Definitions:

Service

The act of providing assistance or benefits to customers or clients without the sale of tangible goods.

Price Variances

A measurement of the difference between the actual cost of a good or service and its expected cost.

Quantity Variances

Quantity variances are differences between the expected and actual quantities of inputs (materials, labor) used in the production process or during a specific period.

Direct Labor

The wages or salaries paid to employees who are directly involved in the production process of goods or services.