The Process of Transferring General Journal Entry Information to the Ledger

question 84

Multiple Choice

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

• 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:

System

A set of interrelated components that work together to achieve a specific goal or function, organized within a framework or structure.

B₂C Marketing

Business-to-Consumer marketing, which involves selling products directly to consumers.

Social Actor

An individual or organization that plays a role in a social context, influencing and being influenced by the social structure.

Evaluative Criteria

Standards or benchmarks that consumers use to judge the merits of competing products or services.