Multiple Choice
Select the one term that best fits each definition
-Transferring information from a journal entry to a ledger account.
A) accounting system
B) accrual basis of accounting
C) adjusting entries
D) balance sheet
E) chart of accounts
F) closing entries
G) creditor
H) expense
I) posting
J) income statement
K) permanent accounts
L) revenue
M) T account
N) temporary accounts
O) trial balance
Correct Answer:

Verified
Correct Answer:
Verified
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