The Process of Transferring General Journal Information to the Ledger

question 163

Multiple Choice

The process of transferring general journal information to the ledger is:

• A) Double-entry accounting.
• B) Posting.
• C) Balancing an account.
• D) Journalizing.
• E) Not required unless debits do not equal credits.

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Definitions:

Wield Power

To have control or authority over others, often used in the context of politics, leadership, or social influence.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Social Institutions

Systems and structures within society that shape the activities of groups and individuals.

Structures

The arrangement or organization of interrelated elements in a material object or system, also applicable to abstract entities like societies.