The accounting process of transferring a transaction 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 a transaction from the journal to the ledger. Journalizing refers to the process of recording transactions in the journal. Compounding refers to the process of calculating interest on interest, while sourcing refers to the process of identifying the origin of a transaction.

The Accounting Process of Transferring a Transaction from the Journal