Q87
Transferring entries from journal to ledger account is commonly known as
A.
Recording
B.
Transferring
C.
Posting
AnswerD.
Entry making
Answer: Option C
Solution
Answer: Option C
Solution:
Transferring entries from journal to ledger account is commonly known as Posting. Posting refers to the process of transferring entries in the journal into the accounts in the ledger. Posting to the ledger is the classifying phase of accounting.