Final answer:
The correct answer is to post all transactions, both debits and credits, daily to ensure accurate and up-to-date financial records. This practice is essential in accounting for real-time reporting and decision making.
Step-by-step explanation:
The question pertains to the frequency of posting transactions in accounting records. In business and accounting practices, transactions are recorded as either debits or credits and are typically posted as they occur to keep the financial records up to date. Thus, the most common practice is to post all transactions, regardless of whether they are debits or credits, on a daily basis as they occur. This practice allows for real-time financial reporting and helps ensure that the accounting records accurately reflect the company's financial position at any given time.
The correct answer to the question of which amounts we post daily and which we post monthly is: a) Post all amounts daily. Posting debits and credits daily allows for timely and accurate maintenance of the accounting books and is essential for managing cash flows, preparing financial statements, and facilitating decision-making processes.