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Figure 14- 3 ANS Pathway
Use Figure 14- 3 to answer the following questions:
-Identify the structure labeled "5."
Trial Balance
A financial record-keeping sheet that consolidates the balances of various ledgers into uniform debit and credit column totals.
Journalizing
The process of recording transactions in a journal or ledger in the field of accounting.
Posting Process
In accounting, this is the step where transactions are transferred from the journal to the respective accounts in the ledger, updating the account balances.
Trial Balance
A worksheet in bookkeeping that assembles the balances from each ledger into corresponding totals in debit and credit categories.
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