The Correct Term for the Process of Transferring Amounts from a Book

question 25

Multiple Choice

The correct term for the process of transferring amounts from a book of original entry to specific assets, liabilities, revenues, expenses, and stockholders' equity items is

• A)Double-entry system
• B)Posting
• C)Credit
• D)Journalizing

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Definitions:

Higher Good

An ethical or philosophical concept that refers to the ultimate value or purpose of actions, often associated with the greatest well-being for the greatest number of people or the realization of personal virtues.

Sociocultural Model

The theoretical perspective that emphasizes the effects of society, culture, and social and family groups on individual behavior.

Cognitive-Behavioral

A psychological approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Psychodynamic

A psychological perspective focusing on the interplay between unconscious and conscious mental processes shaping personality and behavior.