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:

General Task

A broad or comprehensive duty or activity that may encompass various specific jobs or responsibilities.

Baseline Measure

An initial set of data or observations that serve as a starting point for comparison with later data.

Goal Attainment

The process of achieving predetermined objectives or targets.

Obstacles

Challenges or barriers that hinder progress or the achievement of objectives, requiring effort and strategies to overcome.