Ledger posting
4 practice questionsFinancial AccountingStep-by-step solutions
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1
Posting refers to transferring amounts from the:
A.Ledger to the journal
B.Journal to the ledger accounts
C.Trial balance to the journal
D.Balance sheet to the income statement
2
The book of original entry where transactions are first recorded chronologically is the:
A.Ledger
B.Journal
C.Trial balance
D.Balance sheet
3
A ledger account that normally has a debit balance is:
A.Sales revenue
B.Accounts payable
C.Cash
D.Capital
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