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.
