Posting a transaction means ________.
A) calculating the balance in an account
B) transferring data from the journal to the ledger
C) preparing a summary of account balances
D) finding the account number in the chart of accounts

Question

Quizplus · Accepted Answer

Posting a transaction refers to transferring data from the journal to the ledger. This process is necessary to keep the accounts up-to-date and accurate. Options A, C, and D are not accurate definitions of posting a transaction.

Posting a Transaction Means ________