Mcgraw hill connect accounting homework answers chapter 3
Question:
What is it called when journal entries are added to the general ledger?
Answer:
When you post, you move information from the journal to the ledger. When you post, you move entries from the journal to the ledger. In other words, posting means putting all the transactions for a certain account in one place so you can make sense of them and move on with the accounting process. When you post to the general ledger, you put all of your accounting transactions there. It means adding up all the financial transactions that are kept in different ledgers and putting that information into the general ledger.
