The Process of recording a transaction is called: Select one: O A. Journalizing OB. Recording O...

Question

Question

Answer 1

Answer #1

Process of recording a transaction is called journalising. Recording the transaction in the respective ledger accounts this called posting.

Journalizing

Option A.

Answer 2

Similar Homework Help Questions

The first step in the posting process is recording the Select one: a. journal page number...

The first step in the posting process is recording the Select one: a. journal page number in the ledger account. b. ledger account number in the journal. c. date in the ledger account. d. explanation in the journal. e. debit account and amount.
The transaction type used for recording sales on account is: Select one: a. Invoice b. Sales...

The transaction type used for recording sales on account is: Select one: a. Invoice b. Sales Receipt c. Cash Sale d. Payment
The third step in recording a transaction in the general journal is to record the: O...

The third step in recording a transaction in the general journal is to record the: O A. account(s) to be debited and the amount(s). OB. explanation of the entry. O c. account(s) to be credited and the amount(s). OD. date of the entry.

Which of the following is true? Select one: a. The ledger account form maintains a running...

Which of the following is true? Select one: a. The ledger account form maintains a running balance of the account. b. When recording business transactions, it is not important that one use the exact account titles as listed in the chart of accounts. c. The process of transferring information from the journal to the ledger is called journalizing. d. All of the answers listed are correct
Which diene would be unreactive in the Diels-Alder reaction? Select one: O a. ob. o c....

Which diene would be unreactive in the Diels-Alder reaction? Select one: O a. ob. o c. O d.
One effect of heart failure is Select one t of O a. decreased pulmonary perfusion Ob....

One effect of heart failure is Select one t of O a. decreased pulmonary perfusion Ob. pleural effusion C. C O d. unchanged V/O c. pleural fibrosis Ne ous page

The first step in the posting process is to write the amount of the transaction in...

The first step in the posting process is to write the amount of the transaction in the ledger account. Select one: True False
You and your fellow classmates are discussing the recording process in accounting. One of the students...

You and your fellow classmates are discussing the recording process in accounting. One of the students is having difficulty understanding the what debit and credit means in accounting and the rules for applying debit and credit analysis to transactions being recorded. In your posting, you should explain your understanding of the definition of debit and credit and the rules and how they apply to assets, liabilities and the components of stockholders' equity. You should give at least one example of...
QS 3-20 Identifying the accounting cycle LO C2 e Analyzing transaction and events h Journalizing transactions...

QS 3-20 Identifying the accounting cycle LO C2 e Analyzing transaction and events h Journalizing transactions and events a Posting the Journal entries g Preparing the unadjusted trial balance bJounalizing and posting adjusting entries c Preparing the adjusted trial balance dJounalizinganf posting closing entries i Preparing the Post closing trial balance f Preparing the financial statements

What is the molecular formula for the following compound? Select one: O a. C6H12 ob. C7H11...

What is the molecular formula for the following compound? Select one: O a. C6H12 ob. C7H11 oc. C6H11 o d. C7H12 o e. C7H14