A running balance is maintained in the ledger after each transaction is posted.
Correct Answer:
Verified
Q122: A credit to an asset account was
Q123: Posting is the transferring of information from
Q124: The trial balance lists the accounts
A) alphabetically.
B)
Q125: The informal listing of the ledger accounts
Q126: If the debit and credit totals of
Q128: A debit to a liability account was
Q129: A debit to the Capital account was
Q130: If the business records a number as
Q131: A credit to an asset account was
Q132: A debit to the Capital account was
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