Question
What is posting?
The process of summarizing transactions in the general ledger
The process of listing transactions
The process of closing the books
The process of copying a transaction from the journal to the general ledger
The process of summarizing transactions in the general ledger
The process of listing transactions
The process of closing the books
The process of copying a transaction from the journal to the general ledger
Answers
GPT-4o mini
Posting refers to **the process of copying a transaction from the journal to the general ledger**. In accounting, this involves transferring the recorded details of transactions from the journal, where they are initially documented, to the appropriate accounts in the general ledger for proper organization and reporting.