Question

What is the process of transferring of Journal entry from Journal to Ledger?

Answer 1

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 to further the accounting process.

Posting from the journal is done periodically, may be, weekly, fortnightly or monthly as per the requirements and convenience of the business.