Posting is the procedure of transferring information from the
A)journal to the ledger
B)trial balance to the worksheet
C)ledger to the journal
D)worksheet to the financial statements

Question

Quizplus · Accepted Answer

Posting involves transferring information from the journal to the relevant accounts in the ledger. This process ensures that all transactions are recorded accurately in the accounts and that the financial statements are based on reliable and complete data. The trial balance is a summary of the balances in the ledger accounts that are used to prepare the financial statements, and the worksheet is a tool for adjusting and analyzing accounting data before finalizing the financial statements. Therefore, choices B, C, and D are not correct for describing the posting process.

Posting Is the Procedure of Transferring Information from the