0
The process of transferring journal entries to a ledger is known as?
Wiki User
∙ 9y ago
This process is referred to as "posting". This is needed to keep complete and organized records of all transactions in the general ledger, as this is the source document used to create statements.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
The procedure of transferring journal entries to the ledger accounts is called?
The whole process of transferring entries from journal to ledger is called posting process.
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
Posting is performed by transferring information from the?
general journal to the general ledger...
How do you enter journal entries to general ledger?
supplies: $35.12 entertainment: $50.98 supplies: $47.22
The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
The procedure of transferring journal entries to the ledger accounts is called?
The whole process of transferring entries from journal to ledger is called posting process.
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
Posting is performed by transferring information from the?
general journal to the general ledger...
Should pass journal entries first in tally 7.2 or open ledger?
furniture account a/c dr 10000 to cash a/c 10000 journal entries are always passed first than ledger creation.
The accounting process is correctly sequenced as?
Inentify the transaction Analyze the transaction Journal Entries Post to Ledger Trial Balance Adjusting entries Adjusted Trial Balance Financial Statements Closing Entries After-Closing Trial Balance
How do you enter journal entries to general ledger?
supplies: $35.12 entertainment: $50.98 supplies: $47.22
What is posting in accounting?
Posting is recording in the ladgers information from journal. Posting is always from journal.
The two types of journal entries needed to change general ledger account balances at the end of the fiscal period are?
Adjusting and Closing Entries.
What type of general ledger entry is created for the automatic posting recurring monthly entries?
Recurring general ledger entries can be created to post recurring monthly journal entries. Expenses may include rent, telephone, and automobile payments.
When is it necessary to include vendor name in an accounts payable entry in a journal?
It is good practice to always include the vendor name in the journal entries. Journal entries are the books of "origin". When transaction occur the transaction is then recorded in the journal, at a later date or time, the entries are then added to the Ledger where each account for the company has a separate account.Adding the vendor name to the journal entry can assure that the proper account is debited or credited when the entry is recorded in the ledger.
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
