The process of transferring data from the ledger to the journal is called posting

Quality management systems use many nonfinancial measures, such as the number of customer complaints and the volume of incoming customer-service phone calls, as a means to measure success or failure

Indicate whether the statement is true or false

Which of the following is not a basic function of an accounting system?

A. To interpret and record the effects of business transactions. B. To classify the effects of similar transactions in a manner that permits determination of various totals and subtotals useful to management. C. To ensure that a business organization will be managed profitably. D. To summarize and communicate information to decision makers.