Asked by Ferhat Butun on Jun 18, 2024
Verified
Posting is performed by transferring information from the
A) source documents to the journal.
B) ledger to the journal.
C) source documents to the ledger.
D) journal to the ledger.
Posting
The process of recording financial transactions in the accounting books, such as a ledger or journal.
Source Documents
Original records that contain the details necessary to support the transactions entered in an accounting system, such as invoices, receipts, or contracts.
Ledger
A ledger is a comprehensive collection of a company's financial transactions, organized by account, during an accounting period.
- Understand the objective and method involved in transferring entries from the journal to the ledger.
Verified Answer
CT
Caleb TumblesonJun 23, 2024
Final Answer :
D
Explanation :
Posting is the process of transferring information from the journal to the ledger.
Learning Objectives
- Understand the objective and method involved in transferring entries from the journal to the ledger.