The process of transferring the debit and credit transactions from the journal to their respective Ledger is termed as
A. Purchase
B. Posting
C. Balancing
D. None of the above
Answer:B
The process of transferring the debit and credit transactions from the journal to their respective Ledger is termed as
A. Purchase B. Posting C. Balancing D. None of the above
Explanation: The process of transferring the debit and credit transactions from the journal to their respective is Ledger posting.