Posting is the process of____________?
Correct answer: C. Entering in the ledger the information contained in the ledger
- A. Posting the letters in drop box
- B. Posting suitable person to a suitable job
- C. Entering in the ledger the information contained in the ledger
- D. All the three
Explanation
Posting means transferring transaction information from the journal or subsidiary books to the appropriate ledger accounts. Option c appears to contain a wording error, since the information should be transferred from the journal, not from the ledger.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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