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The process of copying entries from the journal to the ledger is called:
Ajournalizing
Bposting
Cbalancing
Dclosing
Answer & Solution
Correct answer: B. posting
1. Posting is defined as copying from the journal to the ledger, one line at a time.
2. Journalizing is recording transactions in the journal, not copying out of it.
3. Closing resets temporary balances at period end, a different step.
4. Therefore the copying process is called posting.
_Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §1.3.5 "Posting", p.16_
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