Accounting records
[1]:
- Closing the account: which are accounting entries that a company makes at the end of the year to start the next annual accounting period with zero balance.
- Journal the account: a journal provides in one place a complete historical record of a company’s business transactions, in the order in which they occurred.
- Posting the account: is the process of transferring the amounts listed in a journal to the appropriate account in a ledger.
- Footing the account: the process of calculating an account’s ending balance as of a particular date.
Jawaban: d. Footing the account
[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.
