Question

current attempt in progress
after a business transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to

owner’s equity.
financial statements.
the company’s bank.
ledger accounts.

etextbook and media

save for later

attempts: 0 of 1 used
submit answer

Explanation:

In the accounting cycle (a key concept in the Account subfield of Business), after a transaction is analyzed and recorded in the book of original entry (journal), the next step is to post (transfer) the information to ledger accounts. Owner's equity is a component of financial statements, financial statements are prepared after ledger posting, and the company's bank is not part of the recording process transfer here.

Answer:

D. ledger accounts