What term describes the process of transferring journal entries to the ledger accounts?

The process of transferring journal entries to the ledger accounts is termed "posting." This step is crucial in the accounting cycle as it involves taking the individual transactions recorded in the journal and categorizing them into the respective accounts in the ledger.

When journal entries are posted to the ledger, it allows for the organization of financial data by account, making it easier to track the overall financial position of a business. This helps in summarizing and analyzing accounts over a period, leading to the preparation of financial statements. This process directly follows the initial recording of transactions in the journal, ensuring that all financial activities are systematically organized.

In contrast, the options of recording refer to the initial act of making journal entries, trial balancing involves checking the equality of debits and credits after posting transactions to the ledger, and adjusting pertains to making necessary changes to account balances before financial statements are prepared. These terms describe different stages or aspects of the accounting process, but none adequately define the specific action of transferring journal entries to the ledger, which is why posting is the appropriate choice.