The process of transferring figures from the book of original entry to the ledger accounts is called
A) adjusting.
B) balancing.
C) ledgering.
D) posting.
Correct Answer:
Verified
Q16: A ledger is where a company first
Q17: The book value of any depreciable asset
Q18: The accrual-basis of accounting recognizes revenue when
Q19: The first step in the accounting cycle
Q20: An adjusted trial balance that shows equal
Q22: A trial balance may prove that debits
Q23: Stockholders' equity is not affected by all
A)
Q24: Nominal accounts are also called
A) temporary accounts.
B)
Q25: The accounting equation must remain in balance
A)
Q26: Factors that shape an accounting information system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents