The accounting process of transferring data from the journal to the ledger is called ________.
A) journalizing
B) posting
C) compounding
D) sourcing

Question

Quizplus · Accepted Answer

Posting is the process of transferring data from the journal to the ledger, making it the correct choice. A) journalizing refers to recording transactions in the journal, while C) compounding refers to combining elements to create a new substance or product and D) sourcing refers to obtaining materials or resources from a particular source, neither of which are the correct answer.

The Accounting Process of Transferring Data from the Journal to the Ledger