When recording a business transaction into the general ledger, certain steps are followed Identify the statement below that is NOT CORRECT regarding this process. Multiple Choice The process of transferring data from the journal to the ledger is called posting. All transactions are recorded first in the general journal and then they are transferred to the general ledger. Care must be taken to complete the posting process correctly, as account information cannot be traced back to the original journal entry after it has been posted. After posting a transaction, the new balance in an account can be seen in the general ledger.

When recording a busness transaction into the genetal ledget, certain steps are followed identify the statement below that is NOI CORRECIregarding this process Multiple Chace The process of transtering das from the journal to the ledget is caled posting Al transactions are recorded fars in the general jouthal and then they are ttansterred io the genetal ledget Care must be laken to complete the posting process correctly. as accourt informotion connot be thaced back to the originat joumal entiy ather it has been posted. Nier poiting a transkctan, the new balance in an account can be teen in the general ledger