{"id":8713,"date":"2024-04-15T03:05:02","date_gmt":"2024-04-15T03:05:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=8713"},"modified":"2024-04-15T03:05:02","modified_gmt":"2024-04-15T03:05:02","slug":"the-process-of-entering-all-transactions-from-the-journal-to-ledger-is-called-a-posting-b-entry-c-accounting-d-none-of-the-above","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-process-of-entering-all-transactions-from-the-journal-to-ledger-is-called-a-posting-b-entry-c-accounting-d-none-of-the-above\/","title":{"rendered":"The process of entering all transactions from the Journal to Ledger is called A. Posting B. Entry C. Accounting D. None of the above"},"content":{"rendered":"

[amp_mcq option1=”Posting” option2=”Entry” option3=”Accounting” option4=”None of the above” correct=”option1″]<\/p>\n

The correct answer is A. Posting.<\/p>\n

Posting is the process of transferring the information from the journal to the ledger. This is done by recording the date, account number, debit or credit amount, and explanation of the transaction in the ledger account.<\/p>\n

Entry is the process of recording a transaction in the journal. This includes recording the date, account number, debit or credit amount, and explanation of the transaction.<\/p>\n

Accounting is the process of recording, classifying, summarizing, and reporting financial information.<\/p>\n

None of the above is not the correct answer because posting is the process of transferring the information from the journal to the ledger.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”Posting” option2=”Entry” option3=”Accounting” option4=”None of the above” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-8713","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\nThe process of entering all transactions from the Journal to Ledger is called A. Posting B. Entry C. Accounting D. 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