Multiple Choice
In accounting 'posting' refers to:
A) Sending of invoices to customers.
B) Opening of the mail on a daily basis.
C) Despatching of inventory items by courier to customers.
D) The process of transferring the debit and credit information for each journal entry to the accounts in a business' general ledger.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Explain the order in which a business
Q54: The major steps involved in the accounting
Q55: Which one of the following is NOT
Q56: A _ _ is a schedule that
Q57: Which one of the following is NOT
Q59: The owner's equity of a company is
Q60: Briefly explain the purpose of general ledger
Q61: Explain what is shown in the statement
Q62: Asset accounts:<br>A) are increased by debit entries
Q63: Explain the use of subsidiary ledgers.