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WAEC Financial Accounting 2012 Question 8

Question 8

Double Entry and the Ledger

The process of entering transaction from one book to another is

  1. A.reading.
  2. B.posting.
  3. C.numbering.
  4. D.listing.
Show the answer and explanation

Answer: B (posting.)

Explanation

Transferring entries from a book of original entry to the ledger is called posting.