The Process of Originally Recording a Business Transaction in the Accounting

question 146

Multiple Choice

The process of originally recording a business transaction in the accounting records is termed:

• A)Journalizing.
• B)Footing.
• C)Posting.
• D)Balancing.

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Definitions:

Mass Customization

A marketing and manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Market Segmentation

The process of dividing a heterogeneous market into smaller, more homogeneous groups of customers with similar needs, characteristics, or behaviors.