Which of the following is correct regarding posting a transaction?Multiple choice question.Posting takes place once during an accounting period.Posting means to transfer journal information to a ledger.Posting means to enter transactions into a journal.

Financial transactions are first recorded in the Blank______ and then transferred, or posted to the Blank______.Multiple choice question.trial balance; ledgerjournal; trial balanceledger; journaljournal; ledger

In bookkepping, posting a transaction means:Group of answer choicesEntering items in a cash bookMaking the first entry of double entry systemTransferring the debit and credit items from the journal to their respective accounts in the ledgerAll of the answerNone of the answ

The principle purpose of posting is to: A. accumulate the effects of journalised transactions in the individual accounts. B. enter transactions directly into the ledger. C. help determine if the financial statements are ready to be prepared. D. help identify errors made in the journal.

Which of the following is not a required step in the accounting cycle?*a. Financial statement preparationb. Work sheet preparationc. Recording and posting closing entriesd. Journalizing the transactions

The principle purpose of posting is to: Group of answer choices help identify errors made in the journal. accumulate the effects of journalised transactions in the individual accounts. enter transactions directly into the ledger. help determine if the financial statements are ready to be prepared.