The transferring of debit and credit items from journal to the respective accounts in the ledger is called as
A)Ledger
B)Posting
C)Forward journal
D)None of these one of these

Question

Quizplus · Accepted Answer

Posting is the process of transferring information from the journal to individual accounts in the ledger. This step is crucial in the accounting cycle as it helps in summarizing all transactions related to a particular account in one place.

The Transferring of Debit and Credit Items from Journal to the Respective