Question

Posting refers to the process of transferring information from _________.

• A. journal to ledger accounts
• B. general ledger accounts to journals
• C. source documents to journals
• D. journals to source documents

Answer 1

Answer: (A)

journal to ledger accounts

Posting is the process of transferring the entries from the book of original entry (journal) to the ledger. In other words, posting means grouping of all the transactions in respect to a particular account at one place for meaningful conclusion and for further accounting process. Posting from the journal is done periodically, may be, weekly or fortnightly or monthly as per the requirements and convenience of the business.