The process of transferring journal entry information from the journal to the ledger is called
a. journalizing.
b. posting.
c. footing.
d. analyzing.
B
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Management accounting accumulates, maintains, and processes an organization's financial and nonfinancial information
Indicate whether the statement is true or false
Assume that on December 1, a note which has a face value of $9,000, bears interest at 9 percent for 120 days, received from a customer as an extension of his of past – due account is dishonored. The entry that would be made to record the dishonor (ignoring interest) is:
a. Notes receivable 9,000 Cash 9,000 b. Accounts receivable 9,000 Cash 9,000 c. Accounts receivable 9,000 Notes receivable 9,000 d. Cash 9,000 Accounts Receivable 9,000
The second phase of conflict is
a. taking sides. b. showdown. c. fanning the flames. d. none of these choices.
In a ________ problem, items are allocated from sources to destinations at a minimum cost
Fill in the blank with correct word.