Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 20 - No. 32)
In the context of accounting, what does 'posting' refer to?
The process of recording transactions in the general journal.
The process of transferring information from the general journal to the ledger accounts.
The preparation of financial statements.
The process of closing out the books at the end of the accounting period.
Explanation
Posting involves transferring information from the journal to the ledger.
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