The name given to entering transaction data in the journal is
A) transacting.
B) listing.
C) posting.
D) journalizing.
Correct Answer:
Verified
Q99: When a corporation pays a dividend, the
A)Cash
Q100: A credit to a liability account
A)indicates an
Q101: After a business transaction has been analyzed
Q102: A $50,000 machine is purchased by paying
Q103: The purpose of the ledger is to
A)record
Q105: The chart of accounts begins with
A)asset accounts.
B)liability
Q106: After transaction information has been recorded in
Q107: Which of the following is not true
Q108: All transactions
A)are entered in the general ledger
Q109: The basic format of a journal would
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