BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of copying journal information to the ledger is called:
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Double-entering
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Posting
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An internal business transaction
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Journalizing
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An external business transaction
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Explanation:
Detailed explanation-1: -Posting is the process of transferring the entries from the books of original entry (journal) to the ledger. In other words, posting means grouping of all the transactions in respect to a particular account at one place for meaningful conclusion and to further the accounting process.
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