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

Question

Quizplus · Accepted Answer

The journal is used to record all financial transactions, but it is not organized in a way that is useful for analyzing financial data. The ledger is where transactions are transferred and organized by account, so it is the most appropriate place to transfer journal information for analysis and use in creating financial statements. The trial balance is a list of all the ledger accounts and their balances, used to ensure that debits and credits are equal, and the file cabinets are where physical copies of financial records may be stored, but neither of these options is the final step in the recording process.

The Final Step in the Recording Process Is to Transfer