123k views
1 vote
Posting is carried out by?

a. Identification, Journalizing, Verification
b. Journalizing, Posting, Balancing
c. Verification, Adjusting, Reporting
d. Balancing, Reporting, Auditing

User Aiko
by
6.3k points

1 Answer

4 votes

Final answer:

Posting in the accounting process occurs after journalizing and is followed by balancing of accounts to ensure accuracy in the ledger.

Step-by-step explanation:

The process of posting is part of the accounting cycle and is carried out after journalizing. Journal entries recorded in the general journal or special journals are routinely transferred to the respective ledger accounts in a process called posting. Therefore, the correct sequence that includes posting is:

Journalizing, Posting, Balancing

After transactions are journalized, they are posted to the ledger where each transaction is entered into its respective account. Once transactions have been posted, the balances in each account may need to be adjusted, and then the balancing of accounts takes place to ensure that the debits and credits are equal.

User Jan Vanek
by
7.4k points