The process of transferring information from a general journal to a general ledger is referred to as _____.
A) posting
B) transposing
C) recording
D) debiting
E) journalizing

Question

Quizplus · Accepted Answer

The process of transferring information from a general journal to a general ledger is referred to as posting. This involves taking the entries made in the journal and recording them in the appropriate accounts in the ledger, which allows for a better understanding of the company's financial position. Transposing is the act of switching the places of two numbers, recording is the act of making a journal entry, debiting is the act of recording a decrease in a liability or increase in an asset or expense, and journalizing is the act of making an original entry in the general journal.

The Process of Transferring Information from a General Journal to a General