The accounting process of transferring data from the journal to the ledger is called ________.
A) journalizing
B) posting
C) compounding
D) sourcing
Ans: B) posting
You might also like to view...
Two or more people working together to circumvent internal controls and defraud a company is known as ________.
A) encryption B) firewall C) collusion D) separation of duties
Pizza Pier retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face value of $70,000 carrying value of $74,937. Record the early retirement of the bonds.
What will be an ideal response?
If the collision is your fault, collision damage will not reimburse you for your property loss
Indicate whether the statement is true or false.
The right of exoneration allows the surety to require the principal debtor to pay his obligation to the creditor
a. True b. False Indicate whether the statement is true or false