Account v debit and also credit columns because that recording entries and also another for mirroring the balance the the account after every entry.

You are watching: The process of transferring general journal entry information to the ledger is called:


Record in i beg your pardon transactions room entered prior to they are posted to ledger accounts; additionally book of initial entry
Process of transferring journal entry info to a ledger; computerized equipment automate this process.
A pillar in journals and ledgers in which individual ledger account numbers are gotten in when entries are posted to those ledger accounts.

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Source of info for accountancy entries that have the right to be in either paper or digital form; likewise called organization papers.
The process of delivering debits and also credits from the newspaper to the ledger is calledA. Delivering B. PostingC. Journalizing D. Referencing
Unearned revenue exists when customers salary in advance for products or services and is accounted for as A. AssetB. RevenueC. ExpenseD. Liability
Amalia agency received its energy bill because that the current period of $700 and immediately payment it. Its newspaper entry to record this transaction consists of aA. Credit to utility expense for $700B. Debit to utility expense for $700C. Debit to accounts payable for $700D. Debit to cash for $700E. Credit to funding for $700
Liang Shue added $250,000 cash and also land worth $500,000 to open his new business, shue consulting. I beg your pardon of the adhering to journal entries does shue consulting make to document this transaction? A. Cash Assets............. 750,000 L. Shue, capital.......................750,000B. L. Shue, capital........ 750,000 Assets..................................750,000C. Cash........................... 250,000 Land...........................500,000 l. Shue, capital........................750,000D. Together Shue, capital...........750,000 Cash......................................... 250,000 Land......................................... 500,000
A psychological balance ready at year-end shows full credits exceed complete debits by $765. This discrepancy could have been resulted in byA. One error in the basic journal where a $765 increase in accounts payable was videotaped as a $765 decrease in account payable.B. The ledger balance for accounts payable of $7650 being entered in the psychological balance together $765 C. A basic journal error whereby a $765 boost in accounts receivable was taped as a $765 increase in Cash.D. The ledger balance that $850 in account receivable was entered in the attempt balance as $85 C. One error in recording a $765 increase in Cash as a credit
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