Copying data from the journal to the ledgerSelect one:a.Product costsb.Trial Balancec.Accounting Equationd.Posting

Breakdown the Problem

The question is about the process in accounting related to transferring data. We need to identify the correct term among the options given.

Relevant Concepts

• Product Costs: This refers to the costs incurred to create a product, which is not what we are looking for.
• Trial Balance: A report that lists the balances of all ledger accounts but does not pertain to the act of copying data.
• Accounting Equation: This represents the relationship between assets, liabilities, and owner’s equity, which does not relate to the copying process.
• Posting: This is the process of transferring journal entries to the ledger.

Analysis and Detail

The key action in the question is "copying data from the journal to the ledger," which directly describes the process of "Posting." The journal records transactions in chronological order, and "Posting" refers to the step where these recorded transactions are transferred to the relevant accounts in the ledger for organization and summarization.

Verify and Summarize

Upon examining the definitions:

1. Product costs are unrelated to data transfer.
2. Trial Balance is a summary, not the action of recording.
3. Accounting Equation describes relationships, not action.
4. Posting is indeed the correct term for transferring data from the journal to the ledger.

Final Answer

The correct option is d. Posting.