Final answer:
Posting is the process of proving the equality of debits and credits in the trial balance.
Step-by-step explanation:
The statement in the question is true: posting is the process of proving the equality of debits and credits in the trial balance. In accounting, posting refers to transferring the information from general journal entries to the general ledger accounts. Each entry in the general journal affects at least two accounts, with one being debited and the other credited. When these debits and credits are posted to the general ledger, their equality is verified by preparing a trial balance.
For example, if a business receives cash from a customer, it would record the transaction in the general journal by debiting the cash account and crediting the accounts receivable account. These debits and credits would then be posted to their respective accounts in the general ledger. To ensure accuracy, the trial balance is prepared by listing all the general ledger account balances and verifying that the total of the debit balances equals the total of the credit balances. If they balance, it indicates that the debits and credits have been accurately posted.
It is important to note that while posting is a part of the overall accounting process, it is not the sole factor in proving the equality of debits and credits. Other steps, such as recording transactions accurately and preparing financial statements, are also involved.