Posting involves transferring the debits and credits from journal entries to individual accounts in the ledger. This allows for the accumulation of the effects of journalized transactions in the related accounts. Posting in account number order is not necessary, and transferring to the trial balance is a separate step. Examining ledger accounts for updating is a related step but is not the primary purpose of posting.

Solved

Posting

Question 28

Multiple Choice

Posting

A) should be performed in account number order.
B) accumulates the effects of journalized transactions in the individual accounts.
C) involves transferring all debits and credits on a journal page to the trial balance.
D) is accomplished by examining ledger accounts and seeing which ones need updating.

Correct Answer: