Asked by
Macyn Morning Bull
on Nov 12, 2024
Verified
Journalizing is the process of entering amounts in the ledger.
Journalizing
Journalizing is the process of recording transactions in the company's journal, marking the first step in the accounting cycle by documenting all financial transactions.
Ledger
The principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.
- Clarify the constituents and aspirations regarding the practice of making entries in journals and posting to ledgers within accounting.
Verified Answer
LT
Learning Objectives
- Clarify the constituents and aspirations regarding the practice of making entries in journals and posting to ledgers within accounting.