Asked by

Cassandra Trejo
on Nov 12, 2024

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The posting process will include the transfer of which of the following data from the journal to the ledger?

A) date, amount (debit or credit)
B) date, amount (debit or credit) , journal page number
C) amount (debit or credit) , account number
D) date, amount (debit or credit) account number

Posting Process

The procedure of transferring journal entry details into the ledger to update account balances.

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.

Ledger

A comprehensive collection of a company's financial accounts, recording all transactions and financial activities over time.

  • Understand the procedure and objective of recording and transferring transactions into ledger accounts.
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AC
Alexford CodringtonNov 17, 2024
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