Question: When recording a business transaction into the general ledger, certain steps are followed. Identify the statement below that is NOT CORRECT regarding this process. Group

When recording a business transaction into the general ledger, certain steps are followed. Identify the statement below that is NOT CORRECT regarding this process.

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The process of transferring data from the journal to the ledger is called posting.

After posting a transaction, the new balance in an account can be seen in the general ledger.

All transactions are recorded first in the general journal and then they are transferred to the general ledger.

All transactions are recorded first in the general ledger and then they are transferred to the journal.

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