After a business transaction has been analyzed and entered in the journal, the next step in the recording process is to transfer the information to
A)the company's bank.
B)shareholders' equity.
C)ledger accounts.
D)financial statements.

Question

Quizplus · Accepted Answer

The next step after journalizing a business transaction is to post the information to ledger accounts. This process involves transferring the debits and credits recorded in the journal to the respective accounts in the ledger, where they are summarized and categorized.

After a Business Transaction Has Been Analyzed and Entered in the Journal