Asked by Brian Metroz on Jun 15, 2024
Verified
The process of recording a transaction in the journal is called
A) ledgerizing
B) journalizing
C) posting
D) summarizing
Ledgerizing
The process of posting journal entries to the ledger accounts as a step in the accounting cycle for organizing financial information.
Journalizing
The act of recording financial transactions in a company's journal in order of occurrence before they are posted to the general ledger.
Posting
The process of transferring journal entry amounts to the respective accounts in the general ledger.
- Acquire knowledge on the processes involved in entering transactions into journals.
Verified Answer
BW
Brittany WilliamsJun 19, 2024
Final Answer :
B
Explanation :
The process of recording a transaction in the journal is called journalizing.
Learning Objectives
- Acquire knowledge on the processes involved in entering transactions into journals.