Posting is the process of transferring items entered in a general journal to the: 1. worksheet. 2. trial balance. 3. general ledger. 4. financial statements.

Question

Business

Steven Woods

14 May, 16:13

Posting is the process of transferring items entered in a general journal to the: 1. worksheet. 2. trial balance. 3. general ledger. 4. financial statements.

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Answers (1)

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Rudy Mcdonald · Answer 1

The correct answer to the following question will be Option 3 (General ledger).

Explanation:

General Ledger is the full accounting of all the financial activities of the company across its lifespan. It contains all the documents which are preparing the reports of finance, including income, assets, investments, income, and expenditures. It's an official paper that offers a comprehensive overview of the business transactions of the company. An invoice, or general ledger key, is a number that is used to document business transactions in the ledger.

Therefore, Option 3 is the right answer.