Question

The purpose of posting is to __________. options: list the transactions in chronological order in the journal provide an explanation of the transaction update the account balances in the ledger correct a previous entry

Answer 1

An accounting record in which transactions are initially recorded in chronological order. -Transactions are initially recorded in chronological order in a journal before being transferred to the accounts. -The journal shows the debit and credit effects on a specific accounts for each transaction.