The transferring of debit and credit items from journal to the respective accounts in the ledger is called as ___________.

Ledger

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Posting

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Forward journal

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None of the above

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Solution

The correct option is A Posting
All the accounting transactions are first recorded in journal in chronological order. These journal entries are to be transferred to individual account opened in ledger.
The process of transferring the entries from journal to ledger is called posting.

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The process of transferring the debit & credit items from a journal to their respective accounts in ledger is called?

Q. is the process of transferring the debit and credit items from a journal to their respective accounts in ledger.

Q. The process of transferring the credit and debit items form a journal to their respective accounts in the ledger is termed as ___________.

Q. Debit and credit items from the journal are transferred to the respective accounts in the __________.

Write the word, term, phrase, Which can substitute each of the following statement.

1) Transfer of a Journal entry from Journal to ledger.
2) Total of Debit side of an A/c is more than total of Credit side of an A/c.
3) Page number of ledger.
4) A book of an account in which all ledger accounts are maintained.
5) Left hand side of an account.
6) Right hand side of an account.
7) Types of accounts which are not balanced but transferred to Trading A/c or Profit & Loss A/c.
8) Bound book of accounts.
9) An account where total of Purchases Book is posted.
10) A statement of accounts prepared from the balances of ledger account.

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The transferring of debit and credit items from journal to the respective accounts in the ledger is called as ___________.

The correct option is A PostingAll the accounting transactions are first recorded in journal in chronological order. These journal entries are to be transferred to individual account opened in ledger. The process of transferring the entries from journal to ledger is called posting.

The correct option is A Posting
All the accounting transactions are first recorded in journal in chronological order. These journal entries are to be transferred to individual account opened in ledger.
The process of transferring the entries from journal to ledger is called posting.