Question
What is posting?
The process of copying a transaction from the journal to the general ledger
The process of closing the books
The process of summarizing transactions in the general ledger
The process of listing transactions
The process of copying a transaction from the journal to the general ledger
The process of closing the books
The process of summarizing transactions in the general ledger
The process of listing transactions
Answers
GPT-4o mini
Posting is **the process of copying a transaction from the journal to the general ledger**. During this step in the accounting cycle, recorded transactions in the journal are transferred to the respective accounts in the general ledger, ensuring that each account reflects the most up-to-date balance after the transaction.