Final answer:
Posting in accounting refers to the step where the effects of journalized transactions are accumulated in individual ledger accounts. This process involves updating those accounts with journal entries and is a standard part of the accounting cycle.
Step-by-step explanation:
The question relates to the concept of posting within accounting, which refers to one of the steps in the accounting cycle. To address the student's inquiry:
- Posting (B) accumulates the effects of journalized transactions in the individual accounts. This involves updating ledger accounts with the entries recorded in the journal.
- Posting is not limited to transferring all debits and credits on a journal page to the trial balance, which is a misinterpretation of the concept (C).
- While posting may be done in account number order, this is not a defining characteristic (A).
- It is also incorrect to say posting is only accomplished by examining ledger accounts to see which need updating (D), as it applies to all accounts affected by journalized transactions.