Posting involves
A) transferring information from the income statement to the statement of owner's equity.
B) transferring information from ledger to the journal.
C) transferring information from the ledger to the balance sheet.
D) transferring information from the journal to the ledger.

Question

Quizplus · Accepted Answer

Posting involves transferring information from the journal to the ledger. The journal is used to record transactions in chronological order, while the ledger is used to group transactions by account type (such as accounts payable or accounts receivable). Posting ensures that all transactions are accurately recorded in the appropriate accounts in the ledger.

Posting Involves