PEMBAHASAN
Closing |
A company closes out or zeroes out operating accounts every the end of the year to start the next annual accounting period with a zero balance. |
Posting |
The process of transferring the amounts listed in a journal to the appropriate accounts in a ledger. |
Footing |
The process of calculating an account’s ending balance as of a particular date. |
Adjusting |
For transactions that apply to more than one accounting period. |
Reporting |
The report that a company’s management sends to its stockholders and other interested parties to report on the company’s performance during the past year.[1] |
Jawaban: b. posting
[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.