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The process of transferring journal entry information to the ledger is called: -?

A)  Journalizing B)  Posting C)  Balancing D)  Analyzing 

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/25
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Hari prasad Janardanan
by Hari prasad Janardanan , Accountant , Global Emirates Services Co LLC

The Process of transfering journal entries to the ledger is called :- POSTING , once journal gets posted it can be viewed in the ledger, and after posting the entries only it will be hitting in the P & L and Balnce sheet schedules.

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Hariprasad.

0508230923

Adel BENFIALA
by Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City

The process is called Balancing, because we use the ledger for seeing the balance of accounts.

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