Question

multiple choice question
which of the following is correct regarding posting a transaction?

posting takes place once during an accounting period.
posting means to transfer journal information to a ledger.
posting means to enter transactions into a journal.

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Explanation:

• Posting can occur multiple times in an accounting period, not just once.
• Entering transactions into a journal is journalizing, not posting.
• The core definition of posting is transferring recorded journal entries to the general ledger accounts.

Answer:

Posting means to transfer journal information to a ledger.