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 once per year.
D) Transfers journal entries to the ledger accounts.
Correct Answer:
Verified
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A) a
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Q67: Adjustments are often prepared
A) after the statement
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