Asked by
Aaliyah Adams
on Nov 15, 2024Verified
The procedure of transferring journal entries to the ledger accounts is called
A) journalizing.
B) posting.
C) reporting.
D) analyzing.
Ledger Accounts
Records that summarize transactions related to a specific asset, liability, equity, revenue, or expense, forming the backbone of the double-entry bookkeeping system.
Journal Entries
Records of the financial transactions of a business that are entered into its accounting system.
Posting
The process of recording financial transactions in the ledger of a business.
- Comprehend the aim and procedure of recording transactions from the journal into the ledger.
Verified Answer
YC
Learning Objectives
- Comprehend the aim and procedure of recording transactions from the journal into the ledger.