Posting accounting transactions avoids the necessity of journalizing transactions.

Name: Posting accounting transactions avoids the necessity of journalizing transactions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Posting accounting transactions is the process of transferring information from the journal to the ledger. Journalizing transactions is the initial step of recording transactions in chronological order in the journal. Both posting and journalizing are essential steps in the accounting process, and one cannot replace the other.

Posting Accounting Transactions Avoids the Necessity of Journalizing Transactions