Friday, October 9, 2020

Posting is the process of:

Posting is the process of:


A) Analyzing the impact of the transaction on the accounting equation.

B) Obtaining information about external transactions from source documents.

C) Transferring the debit and credit information from the journal to individual accounts in the general ledger.

D) Listing all accounts and their balances at a particular date.


Answer: C

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...