Multiple Choice
Posting
A) accumulates the effects of ledger entries and transfers them to the general journal.
B) is done only for income statement activity; activity related to the statement of financial position does not require posting.
C) is done only once per year.
D) is done by posting all the debits and credits of one entry before moving on to the next entry.
Correct Answer:
Verified
Correct Answer:
Verified
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