In a business organization, transaction information is posted from the general journal to the chart of accounts.

Name: In a business organization, transaction information is posted from the general journal to the chart of accounts.
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Transaction information is posted from the general journal to individual accounts in the general ledger, not directly to the chart of accounts. The chart of accounts is a listing of all accounts that can be used in the ledger, not where transactions are posted.

In a Business Organization, Transaction Information Is Posted from the General