Transferring entries from the general journal to the general ledger is called (posting/preparing/journalizing).

The process of transferring entries from the general journal to the general ledger is known as posting.

Explanation:

1. General Journal: This is where all transactions are initially recorded in chronological order. Each entry includes the date, account names, amounts, and a brief description.

2. General Ledger: This is a collection of all accounts that a company uses, organized in a way that allows for easy tracking of each account’s transactions.

3. Posting: This is the step where each entry from the general journal is individually moved to the respective accounts in the general ledger. This ensures that each account reflects its current balance following all recorded transactions.

Understanding the significance of posting is crucial for maintaining accurate financial records, as it forms the basis for preparing financial statements.