Yes in purchase account all the purchase items are wriiteen as it is a ledger account

Answer:
The correct answer is C: Posting.
Posting refers to the process of transferring entries from a journal to a ledger account. It is an essential step in the accounting cycle and helps in organizing and summarizing financial transactions.
Here is a detailed explanation of the process of posting:
1. Journal: The journal is a book where all financial transactions are initially recorded in chronological order. It contains a date, description of the transaction, debit and credit amounts, and the accounts affected.
2. Ledger: The ledger is a book or electronic system that contains individual accounts for each asset, liability, equity, revenue, and expense. It acts as a centralized record for all transactions.
3. Identifying entries: Each entry in the journal needs to be identified and transferred to the appropriate ledger account. This is done by analyzing the transaction and determining the accounts that are affected.
4. Transferring entries: The entries from the journal are then transferred or posted to the respective ledger accounts. The debit amount is recorded on the debit side of the account, and the credit amount is recorded on the credit side of the account.
5. Posting reference: In order to maintain a link between the journal and the ledger, a reference is made in the journal entry to indicate the ledger account to which it has been posted. This helps in easy cross-referencing and verification of transactions.
6. Summarizing: Once all the entries have been posted, the ledger accounts are summarized to determine the balances of each account. This information is then used for financial analysis, reporting, and decision-making.
In conclusion, posting is the process of transferring entries from a journal to a ledger account. It is an important step in the accounting process that helps in organizing and summarizing financial transactions.