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Question

Posting means the recording of a transaction _____________.

A
In any two accounts.
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B
On the debit side of an account related to that transaction.
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C
On the credit side of an account related to that transaction.
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D
On the proper side of two accounts related to that transaction.
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Solution

The correct option is D On the proper side of two accounts related to that transaction.
Posting is the transfer of journal entries to a general ledger, which usually contains a separate form for each account. Journals record transactions in chronological order, while ledgers summarize transactions by account. Posting in accounting consists of a few simple steps.

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