The Process of Transferring the Debit and Credit Information from the Journal

question 17

True/False

The process of transferring the debit and credit information from the journal to individual accounts in the general ledger is called journalizing.The process is called posting.

---

Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider to different consumers.

Single Price

A market condition where all units of a particular good or service are sold at the same price to all buyers.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on the willingness to pay.

Consumer Surplus

The disparity between the amount consumers propose to pay for a good or service and the amount they finally pay.