Asked by Chris Miller on May 08, 2024
Verified
Entering the DR or CR amount in the appropriate left or right side of the affected T-account is called
A) posting.
B) cross-referencing.
C) journalizing.
D) recording.
T-account
A graphic representation of a general ledger account, used in accounting to visualize debits and credits.
Cross-referencing
The act of linking information between documents or sections within the same document to provide clarity and support for statements or claims.
Posting
The process of recording financial transactions in the appropriate accounts in the ledger of a business.
- Engage in exercises related to recording and transferring financial transactions into T-accounts.
Verified Answer
HH
Hazira HananiMay 15, 2024
Final Answer :
A
Explanation :
Entering the DR or CR amount in the appropriate left or right side of the affected T-account is part of the posting process in accounting.
Learning Objectives
- Engage in exercises related to recording and transferring financial transactions into T-accounts.