Maharashtra State BoardHSC Arts 11th
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State whether the following statements are ‘True or False’ with reasons.The process of recording a transaction in the Journal is called Posting. - Book Keeping and Accountancy

MCQ
True or False

State whether the following statements are ‘True or False’ with reasons.
The process of recording a transaction in the Journal is called Posting.

Options

  • True

  • False

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Solution

This statement is False.
The process of transferring entries from the journal into appropriate account is called posting, which is a necessary or basic process of accounting to know the balance of each account.
Concept: Posting of Entries from Journal/Subsidiary Books to Ledger
  Is there an error in this question or solution?
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