True/False
Posting is the transfer of journal entries to the ledger accounts.
Correct Answer:
Verified
Related Questions
Q18: A simple journal entry requires only one
Q25: If the trial balance balances, it proves
Q26: Errors in a trial balance may only
Q27: For the trial balance to balance, the
Q28: If an entry has been posted to
Q29: After a transaction has been posted, the
Q31: A transposition error involves the reversing of
Q32: A compound journal entry may require debits
Q33: The chart of accounts is list of
Q34: A trial balance does NOT prove that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents