Asked by
Donnée Janzen
on Nov 14, 2024Verified
The procedure of transferring journal entries to the ledger accounts is called
A) journalizing.
B) analyzing.
C) reporting.
D) posting.
Posting
The process of transferring entries from the journal to the respective accounts in the ledger.
Journal Entries
Records in accounting that document every transaction affecting a company's financial position, detailing debits and credits to accounts.
Ledger Accounts
Individual records for each account in a company's financial statements, tracking all transactions affecting that account.
- Understand the process and importance of posting journal entries to ledger accounts.
Verified Answer
AR
Learning Objectives
- Understand the process and importance of posting journal entries to ledger accounts.