Posting: (a) normally occurs before journalizing. (b) transfers ledger transaction data to the journal. (c) is an
Question:
Posting:
(a) normally occurs before journalizing.
(b) transfers ledger transaction data to the journal.
(c) is an optional step in the recording process.
(d) transfers journal entries to ledger accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
d Posting transfers journal entries to ledger a...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
Question Posted:
Students also viewed these Business questions
-
Multiple choice questions 1. The effects of purchasing inventory on credit are to: a. Increase assets and increase liabilities. b. Increase assets and increase stockholders equity. c. Decrease assets...
-
The unadjusted trial balance and adjustment data for Nazari Electrical Services are presented in P4-6B. Instructions Prepare a work sheet for the year ended August 31, 2017. Taking It Further Explain...
-
Now that you have reviewed information about Hi-Fi Way, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to...
-
The Shannon Township Debt Service Fund accumulates resources to pay its $2 million general obligation debt. The debt is payable in equal annual installments of principal over 10 years with 5%...
-
Locate the state of R-134a at 30 psia, 20 F. Indicate in both the P-v and the T-v diagrams the location of the nearest states listed in the printed table F.10
-
A device has been designed to measure the flow rate of carbon dioxide evolved from a fermentation reactor. The reactor is sealed except for a tube that allows the generated CO 2 to bubble through a...
-
The radioactive hydrogen isotope \({ }^{3} \mathrm{H}\) is called tritium. It decays by beta-minus decay with a half-life of 12.3 years. a. What is the daughter nucleus of tritium? b. A watch uses...
-
A local private not-for-profit health care entity incurred the following transactions during the current year. Record each of these transactions in appropriate journal entry form. Prepare a schedule...
-
What is one of the challenges mentioned in applying conventional cost management methods to events as projects?
-
Before posting a payment of $5,000, the Accounts Payable of Chola Corporation had a normal balance of $18,000. The balance after posting this transaction was: (a) $13,000. (b) $5,000. (c) $23,000....
-
A ledger: (a) contains only asset and liability accounts. (b) should show accounts in alphabetical order. (c) is a collection of the entire group of accounts maintained by a company. (d) is a book of...
-
Can we qualify the champions of the digital economy such as Facebook, Amazon and Netflix as global?
-
The Ax = 4.03 Ay = -6.09 components of vector A are given as follows: What is the magnitude of vector A?
-
The value of an investment after some time has passed is called the time value annuity value present value future value expected value
-
What are some of the main themes in the film Clueless (1995) ? explain
-
Suppose S(Fi) = 50 in question 8. Average productivity for systems of this type is 6.8 FP/pm and burdened labor rate is $7,000 per month. a. Calculate function point b. Calculate total project cost...
-
Market orders get executed at immediately; the current price in the market whenever the stock price goes above the limit; the current price in the market immediately; the limit price whenever the...
-
What is the meaning of the following statement? The choice between historical cost and current value is a good example of the trade-off in accounting between relevance and reliability.
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
Indicate the maturity date of each of the following promissory notes: Date of Note Terms (a) March 13..... one year after date of note (b) May 4....... 3 months after date (c) June 20..... 30 days...
-
General Motors Corporation has accounts receivable and notes receivable. How should the receivables be reported on the balance sheet?
-
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. (a) Sold...
-
Mod 7.3: If you were told that Bob Smith had a positive ending capital balance in his Sole Proprietorship named Bobby's Hobbies. On what side of Bob Smith's Capital account (the left or the right of...
-
P6.23 Calculating the Value of Ending Inventory and Cost of Goods Sold: Periodic Method. Desmond Con- TA 2, 3, solidated, Inc. is a leading manufacturer of steel products. The following inventory...
-
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its...
Study smarter with the SolutionInn App