The process of copying journal information to the ledger is called
A) double-entering
B) posting
C) an internal business transaction
D) journalizing
E) an external business transaction

Question

Quizplus · Accepted Answer

Posting is the process of transferring information from the journal to the ledger. Double-entering refers to the process of entering a transaction in both the debit and credit columns of the journal, while journalizing refers to the initial recording of a transaction in the journal. Internal and external business transactions are not related to the process of copying journal information to the ledger.

The Process of Copying Journal Information to the Ledger Is