Transferring entries from journal to ledger account is commonly known as
A. Recording
B. Transferring
C. Posting
D. Entry making
Answer: Option C
Solution(By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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