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nikitadnepr [17]
1 year ago
9

After initially recording a transaction, the data is then transferred to the ________.

Social Studies
1 answer:
77julia77 [94]1 year ago
8 0

After initially recording a transaction, the data is then transferred to the ledger.

A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns. All amounts entered in supporting journals, which identify specific transactions by date, are permanently summarized in the ledger. Every transaction originates in a journal and ends up in one or more ledgers. The summary totals in ledgers are used to create a company's financial statements. The general, debtors, and creditors ledgers are three different categories. The general ledger compiles data from journals. The purpose of the Debtors Ledger is to reveal which customers owe money to the company and how much. Creditors Information from the purchases log is accumulated in the ledger.

Learn more about ledger here:

brainly.com/question/14976010

#SPJ4

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Elastic Clause grants Congress power to pass any laws considered “necessary and proper” for effectively exercising its “enumerated” powers.

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2 years ago
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Hey mate.....

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Because early philosophers asked
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Scientific theory is based on objective research which has to be proven by multiple people before it is considered factual. As a result, when the early psychologists arose, scientists were skeptical.

This is why they did not readily accept:

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<em>Find out more at brainly.com/question/14466706.</em>

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