Asked by
Hu?nh Nghi?p
on Nov 12, 2024Verified
The process of transferring the debits and credits from the journal entries to the accounts is called
A) sliding
B) transposing
C) journalizing
D) posting
Transferring Debits
The process of moving debit entries from one account to another in accounting, typically to ensure accuracy in financial records.
Credits
A bookkeeping entry that raises a liability or equity account or lowers an asset or expense account.
Journal Entries
The basic building blocks of accounting, representing financial transactions recorded in a company's ledger.
- Comprehend the process and purpose of journalizing and posting transactions to ledger accounts.
Verified Answer
SD
Learning Objectives
- Comprehend the process and purpose of journalizing and posting transactions to ledger accounts.