The process of copying the information from the journal to the trial balance is:
A)called posting.
B)not part of the accounting process.
C)called journalizing.
D)used to prepare the financial statements.

Question

Quizplus · Accepted Answer

The process described is not part of the accounting process. Posting refers to the process of transferring entries from the journal to the ledger accounts, not from the journal to the trial balance. The trial balance is prepared by listing all the accounts from the ledger and their balances to check the arithmetic accuracy of the books.

The Process of Copying the Information from the Journal to the Trial