The Posting Process Will Include the Transfer of Which of the Following

question 193

Multiple Choice

The posting process will include the transfer of which of the following data from the journal to the ledger?

• A) date, amount (debit or credit)
• B) date, amount (debit or credit), journal page number
• C) amount (debit or credit), account number
• D) date, amount (debit or credit) account number

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Definitions:

Unit Of Measurement

A definite magnitude of a quantity, defined and adopted by convention or by law, used as a standard for measurement of the same kind of quantity.

Economic Data

Information concerning the economy of a region or country, including information about production, consumption, employment, inflation, and GDP.

Total Assets

The sum of all resources owned by a company, valued at purchase price, including both current and long-term assets.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, essentially the owner's claim on the company's assets.