When posting a journal entry to the ledger,we transfer:
A)the dollar amount of debits in the journal entry to the appropriate accounts.
B)the dollar amounts of credits in the journal entry to the appropriate accounts.
C)the name of the person who prepared the journal entry.
D)A and B.

Question

Quizplus · Accepted Answer

When posting a journal entry to the ledger, we transfer both the dollar amount of debits and the dollar amount of credits in the entry to the appropriate accounts. Therefore, choices A and B are both correct, making D the best choice. The name of the person who prepared the entry is not necessary for posting to the ledger.

When Posting a Journal Entry to the Ledger,we Transfer