Ledger Accounts Are Updated Through a Process Called Posting

question 83

True/False

Ledger accounts are updated through a process called posting.

---

Definitions:

Agreement

A mutual understanding or arrangement between two or more parties, often legally binding, detailing specific terms and conditions.

Legal Signature

A person's name or mark written in a distinctive way as a form of identification in authorizing documents.

Online Commercial Transactions

Business dealings and the exchange of goods or services for payment carried out over the internet.

Electronic Signature

A digital form of a signature used to give consent or approve documents electronically, having legal standing similar to a handwritten signature.