Question

Select the most appropriate alternatives from those given below and rewrite the sentence :

All entries are posted from Journal to ________.
a) Ledger
b) Balance sheet
c) Trial balance
d) Cash A/c

Answer 1

All entries are posted from Journal to Ledger.

Explanation:
Transactions are first of all recorded in the Journal and then the entries are posted to their respective ledger accounts. Trial Balance is a statement that is prepared from the balances of all the ledger accounts. All the cash related transactions are posted to the Cash A/c.