The procedure of transferring journal entries to the ledger accounts is called
A) journalizing.
B) analyzing.
C) reporting.
D) posting.
Correct Answer:
Verified
Q152: The double-entry accounting system is the basis
Q153: Debit and credit can be interpreted to
Q154: The account titles used in journalizing transactions
Q155: Which one of the following is not
Q156: An accountant has debited an asset account
Q157: On January 14, Edamame Industries purchased supplies
Q158: In recording business transactions, evidence that an
Q159: When journalizing, the reference column is
A)left blank.
B)used
Q161: Which of the following rules is incorrect?
A)Credits
Q162: Under IFRS, the trial balance
A)follows the same
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