Transferring information from the journal to the ledger is called
A) journalizing.
B) ledgering.
C) footing.
D) posting.

Question

Quizplus · Accepted Answer

Transferring information from the journal to the ledger is called posting. It involves recording the debits and credits of each transaction in their respective accounts in the ledger, which serves as the main book of accounts for the business. Journalizing involves recording the transactions in the journal, while ledgering and footing are not proper accounting terms.

Transferring Information from the Journal to the Ledger Is Called