Posting
A) is only done in a manual accounting system.
B) accumulates the effects of journalized transactions in the individual accounts.
C) involves transferring all debits and credits on a journal page to the trial balance.
D) is accomplished by examining ledger accounts and seeing which ones need updating.

Question

Quizplus · Accepted Answer

Posting refers to the process of transferring the effects of transactions from the journal to the individual ledger accounts. This is where the details of transactions are categorized and accumulated, allowing for the preparation of financial statements.