Copying data from the journal to the ledgerSelect one:a.Product costsb.Trial Balancec.Accounting Equationd.Posting
Question
Solution 1
Breakdown the Problem
The question is about the process in accounting related to transferring data. We need to identify the correct term among the options given.
Relevant Concepts
- Product Costs: This refers to the costs incurred to create a product, which is not what we are looking fo Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Similar Questions
Where is accounting data first entered?Multiple choice question.on a balance sheetin a ledgeron an accounting recordin a journal
The first place every transaction is recorded is the: Group of answer choices subsidiary ledger. account. basic equation. journal.
The journal entry to record the purchase of merchandise on account for $3,950 with freight of $245 prepaid by their supplier and added to the invoice is:
A company sells merchandise to a customer on credit. The journal entry to record this transaction would include a debit to the Accounts account.
Transferring entries from the general journal to the general ledger is called (posting/preparing/journalizing).
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