The process of transferring the debit and credit information from the journal to individual accounts in the general ledger is called journalizing.
Correct Answer:
Verified
Q125: Purchasing office supplies is recorded with a
Q126: A trial balance is a list of
Q127: The Dividends account increases with a credit
Q128: Providing services to customers is recorded with
Q129: Selling common stock for cash is recorded
Q131: Describe the difference between external events and
Q132: Borrowing cash from the bank is recorded
Q133: Expense accounts increase with a debit and
Q134: If total debits equal total credits in
Q135: A credit to an account balance always
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