TLE (2)

• • refers to transferring the transactions from the general journal to the general ledger is a record of accounts that classified and summarizes transactions from the general journal

  Posting
• • summarizes transactions from the general journal
  • known as a book of final entry
  • organizes transactions by account

  General ledger
• • used to record business transactions and show the amount debited and credited


  journals
• • summarizes the ending balances of every account used by the business

  Ledger