The process of copying journal information to the ledger is called
A)Double-entering.
B)An external business transaction.
C)Posting.
D)Journalizing.
E)An internal business transaction.

Question

Quizplus · Accepted Answer

Posting is the process of transferring journal entries to the ledger accounts, thereby updating the balances of those accounts. Double-entering refers to the practice of recording each transaction in two separate accounts to ensure accuracy, and journalizing refers to the initial recording of transactions in the journal. An external business transaction involves a transaction between a business and an external party, while an internal business transaction involves a transaction within the business itself. Therefore, C is the only option that accurately describes the process of transferring information from the journal to the ledger.

The Process of Copying Journal Information to the Ledger Is