Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 41)
What is the purpose of posting from the general journal to the general ledger?
a) To create the trial balance.
b) To summarize transactions by account.
c) To record transactions in chronological order.
d) To create an audit trail.
Explanation
Posting organizes transactions by account.
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