Asked by Chelsea Solis on Jul 07, 2024
Verified
Posting is the process of transferring information from the ledger to the trial balance.
Posting
The process of recording financial transactions in the accounting ledger from the journal.
Ledger
A comprehensive collection of a company's financial accounts, providing a record of all financial transactions.
Trial Balance
A report listing all accounts with their respective balances, prepared again to ensure the total debits equal total credits in the accounting records.
- Acquire knowledge on the reason and method behind posting records from the journal to the ledger.
Verified Answer
NF
Nurul Fariha Abdul MuhsinJul 10, 2024
Final Answer :
False
Explanation :
Posting is the process of transferring information from the journal to the ledger, not from the ledger to the trial balance.
Learning Objectives
- Acquire knowledge on the reason and method behind posting records from the journal to the ledger.