Recording
Transferring
Posting
Entering
Answer is Right!
Answer is Wrong!
The correct answer is C. Posting.
Posting is the process of transferring journal entries to the ledger accounts. This is done to record the financial transactions in a systematic and organized way. The journal entries are first recorded in the general journal, and then they are transferred to the appropriate ledger accounts. This process helps to keep track of the financial transactions and to ensure that they are recorded accurately.
The other options are incorrect because they do not accurately describe the process of transferring journal entries to the ledger accounts.
- Recording is the process of entering the financial transactions into the journal.
- Transferring is the process of moving the journal entries from the journal to the ledger.
- Entering is the process of writing down the financial transactions.