Which Of The Following Is The Last Step Of The Posting Process?

transactions. financial transactions start the process. Transactions can include the sale or return of a product, the purchase of supplies for business activities, or any other financial activity that involves the exchange of the company’s assets, the establishment or payoff of a debt, or the deposit from or payout of money to the company’s owners.

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Which of the following is the last step of the posting process? a. Entering the ledger account number in the Post. Ref. column of the journal. b. Entering the journal page number in the Post. Ref. column of the ledger account. c. Determining the new balance of the ledger account. d. Entering the date of the transaction in the ledger account.

Which of the following is the last step of the posting process: A) enter the journal page number in the Post. Ref. column of the ledger account. B) enter the ledger account number in the Post. Ref. column of the journal. C) determine the new balance of the ledger account. D) enter the date of the transaction in the ledger account.

The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information.. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.

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