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.
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?