Posting Accounting Transactions Avoids the Necessity of Journalizing Transactions

question 50

True/False

Posting accounting transactions avoids the necessity of journalizing transactions.

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Definitions:

Environmental Law

A body of laws and regulations designed to protect the environment from harm caused by human activities.

Corporate Firm

A corporate firm is a legal entity recognized by law, created by individuals or shareholders, with the purpose of engaging in commercial activities, often characterized by limited liability, perpetual succession, and the ability to raise capital.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Motives

Internal states that drive individuals to take actions towards achieving specific goals.