Asked by Shania Gaston on Apr 27, 2024
Verified
Postings made to standard account forms show a new balance after each entry.
Standard Account Forms
Preset document templates for financial transactions and accounts record-keeping.
New Balance
The updated amount in an account following recent transactions or adjustments.
- Recognize the process and significance of posting journal entries to accounts.
Verified Answer
AN
Andrew NorcrossApr 28, 2024
Final Answer :
True
Explanation :
Standard account forms typically show a running balance, which updates after each transaction or entry is added to the account.
Learning Objectives
- Recognize the process and significance of posting journal entries to accounts.
Related questions
The Process of Recording a Transaction in the Journal Is ...
Transactions Are Listed in the Journal Chronologically
Transactions Are Initially Entered into a Record Called a Journal
Journal Entries Can Have More Than Two Accounts as Long ...
________ Is the Process of Transferring Journal Entry Information from ...