The process of transferring the debits and credits from the journal entries to the ledger accounts is called
A) sliding
B) transposing
C) journalizing
D) posting

Question

Quizplus · Accepted Answer

Posting is the process of transferring the debits and credits from the journal entries to the corresponding ledger accounts. It helps in maintaining a systematic record of transactions for a business. Option A (sliding) and Option B (transposing) are not accounting terms and option C (journalizing) is the process of recording journal entries in the journal, which happens before posting.

The Process of Transferring the Debits and Credits from the Journal