Which of the Following Is the Final Step in the Journalizing

question 12

Multiple Choice

Which of the following is the final step in the journalizing and posting process?

• A) Posting the accounts to the ledger.
• B) Identifying each account affected and its type.
• C) Determining whether the accounting equation is in balance.
• D) Determining whether each account has increased or decreased.

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Definitions:

Ignorant and Free

A notion often debunked that suggests freedom can exist alongside a lack of knowledge or education; most argue that true freedom requires informed citizens.

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence, and the third President of the United States, known for his contributions to the early development of the U.S.

Virtue

is a trait or quality deemed to be morally good and thus is valued as a foundation of good moral being.