Multiple choice

Recording of transaction in a journal is called ______________.

  1. posting

  2. journalizing

  3. casting

  4. recording
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Journalizing is the process of recording transactions in the journal book. This is the first step in the accounting cycle. Posting occurs after journalizing when entries are transferred from the journal to the ledger accounts. Casting refers to adding numbers, and recording is too generic.

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