Question

The balance of ledger account is transferred to

Answer 1

Answer:

The process of transferring the entries from journal to respective ledger accounts is called ledger posting. Balancing of ledgers is carried to find out differences at the end of the year. ... The account debited is posted on the debit side and the account credited is posted on the credit side of the same account.

Explanation:

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Answer 2

Ledger Posting

After the transactions are recorded in the journal, it is then posted in the principal book called as 'Ledger'. The process of transferring the entries from journal to respective ledger accounts is called ledger posting. Balancing of ledgers is carried to find out differences at the end of the year.