Need answer for this question The process of transferring general journal entryinformation to the ledger is called:a. Balancing an account.b. Journalizing.c. Posting.d. Double-entry accounting.e. Balancing.

When a business transaction occurs, it is first recorded in the general journal using the process…

Answered: The process of transferring general…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 14GI

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Transferring information from the journal to the ledger is called a. preparing the financial statements. b. journalizing. c. posting. d. tracking.
________ takes all transactions from the journal during a period and moves the information to a general ledger (ledger). A. Hitching B. Posting C. Vetting D. Laxing
The process of transferring the debits and credits from the journal entries to the accounts is called A. sliding B. transposing C. posting
Posting: transfers ledger transaction data to the journal. a. normally occurs before O b. journalizing. transfers journal entries to ledger accounts. is an optional step in the recording process. d.
Transferring journal entries to the ledger accounts is called posting and should be performed in chronological order. True of false
Which of the following is not transferred from the journal to the ledger in the posting process? a.Date b.Explanation c.Debit and credit d.Amount
What is the process of transferring the debits and credits from the journal entries to the accounts in the ledger called? Group of answer choices journalizing ledgering posting charting
The statement that is NOT CORRECT about the general ledger is __________ . a. postings are based on source documents. b. the T-account format or ledger running balance format may be adopted. c. It follows the sequence of the accounts in the chart of accounts. d. the opening balances are entered before posting current transaction entries.
What is the most common type of customer statement? Select an answer: transaction balance forward open item
Transaction are entered in the ledger accounts and then transferred to journals. The answer is true or false
In a manual accounting system, what advantage does the journal voucher system have over the traditional general journal system?
How does the journal differ from the ledger?

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The process of transferring general journal entry information to the ledger is called: a. Balancing an account. b. Journalizing. c. Posting. d. Double-entry accounting. e. Balancing.