Transferring entries from journal to ledger account is commonly known as A. Recording B. Transferring C. Posting D. Entry making

The correct answer is C. Posting.

Posting is the process of transferring the information from the journal to the ledger. The journal is a chronological record of all financial transactions, while the ledger is a more detailed record of each account. When posting, the information from the journal entry is transferred to the appropriate ledger account. The date, amount, and description of the transaction are recorded in the ledger account.

The other options are incorrect because they do not accurately describe the process of transferring entries from the journal to the ledger.

• Recording is the process of entering financial transactions into the journal.
• Transferring is the process of moving information from one place to another.
• Entry making is the process of creating a journal entry.