What is posting?

• A. Recording transactions in a journal.
• B. Calculating trial balance.
• C. Transferring journal entry amounts to the general ledger accounts.
• D. Preparing financial statements.

Answer: (C)

Posting is transferring the amounts from the journal into the general ledger accounts, updating each account’s balance. After transactions are initially recorded in the journal (journalizing) with debits and credits, posting moves those same amounts to the appropriate ledger accounts so the ledger reflects the accumulated totals for each account. This step connects day‑to‑day entries to the structured accounts used to prepare financial information, and it’s a prerequisite before creating reports like the trial balance and financial statements. The trial balance itself is a check that the ledger’s debits and credits balance, and financial statements come from the updated ledger balances after posting.