Posting to the general ledger in a manual accounting system is usually performed
A) when the accountant is in the office.
B) when the transaction is recorded.
C) when financial statements are being prepared.
D) when Canada Revenue Agency performs an audit.

Question

Quizplus · Accepted Answer

Posting to the general ledger in a manual accounting system is typically done when the transaction is recorded to ensure that all financial transactions are accurately reflected in the company's financial records in a timely manner. This process helps in maintaining up-to-date and accurate financial statements.

Posting to the General Ledger in a Manual Accounting System