The final step in the recording process is to transfer the journal information to the

Question

Quizplus · Accepted Answer

The journal is the book of original entry where financial transactions are recorded in chronological order. The ledger is the next step in the process where the information is organized by account, so it is the appropriate place to transfer the information from the journal. The financial statements come later in the process, after the information has been compiled from the ledger. File cabinets are used for storage purposes, but do not play a direct role in the recording process.

The Final Step in the Recording Process Is to Transfer