Question

The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal to the ledger Proving the equality of debit and credits in the ledger Determining the balances of individual ledger accounts

Answer 1

Answer: Transferring debit and credit amount from the journal to the ledger.

Explanation:

Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.

Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.