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Ninth Grade (Grade 9) Business Technology Questions

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Grade 9 Business Technology
What is posting?
  1. Basically your final post in the journal book.
  2. The process of transferring journal entry effects into the respective general ledger accounts.
  3. Recording of the information shown in the beginning balance sheet.
  4. the net effect of various transactions during a given period on a particular account.
Grade 9 Business Technology
What is journalizing?
  1. Journal to record only one type of entry.
  2. the process of transferring the original transactions recorded in the books of original entry in the concerned accounts open in leader.
  3. The process of recording transactions and events into the journal.
Grade 9 Business Technology
What is the first step to journalizing?
  1. Write a brief explanation about the transaction.
  2. Label the parts of general journal.
  3. Record the month and the date of the transactions.
Grade 9 Business Technology
What is the purpose of posting?
  1. To show the impact of business transaction on the individual accounts.
  2. To record the information shown in the beginning balance sheet.
  3. The process of transferring the original transactions recorded in the books of original entry in the concerned accounts open in leader.
Grade 9 Business Technology
Grade 9 Business Technology
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