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What is posting in accounting?

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Anonymous

9y ago
Updated: 3/9/2022

Posting is recording in the ladgers information from journal. Posting is always from journal.

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Daphne Dooley

Lvl 10
3y ago

What else can I help you with?

Related Questions

What is posting in accounting cycle?

Posting is recording in the ladgers information from journal. Posting is always from journal.


What does PR stand for in accounting?

In accounting the PR stands for posting reference.


In accounting the first and most important step in the posting procedure is?

a.posting the amount b.posting the date c.posting the explanation d.recording the posting reference information the answer is a. posting the amount


What are the key rules of ledger posting and balancing accounts?

it is based on dual aspects of accounting


What is a sap posting date?

A SAP posting date refers to the date on which a financial transaction is recorded in the SAP system. It determines the period in which the transaction will be reflected in financial reports and is crucial for accurate accounting and compliance. The posting date can differ from the document date, which is when the transaction actually occurs, allowing for flexibility in financial reporting. Proper management of posting dates ensures that transactions are recorded in the correct accounting period.


Who is responsible for providing fiscal year end guidance procedures to bases reviewing status of accounting systems assisting with posting obligations in the accounting system and executing closeout?

DFAS


What is a source document?

A source document is the original document that supports the posting of an accounting entry such as a cash receipt or an invoice.


The process of posting adjusting and closing entries in the ledger at the end of an accounting period is called?

Adjusted trail balance


What term used to be used interchangeably with accounting?

Prior to the late 1800s, the terms bookkeeping and accounting were often used interchangeably because the recording/posting process was central to both activities


Who is responsible for providing fiscal year end guidance procedures to bases reviewing status of accounting system assisting with posting obligations in the accounting system and executing closeout c?

DFAS


Accounting concepts are pillars of accounting proffessionals discuss?

Hmmm....I think the last time I heard this question I was in my Accounting 101 class back in 1973. If you are a student, why not post your opinion and let others critique it? You won't learn just by posting your homework online.


What is posting key in sap?

All accounting entries requires Special posting keys to perform any specific kind of transaction like accounts payable entry will use separate posting key while accounts receivable entry will require separate posting key to perform transactions in SAP which insures the transactions in correct ledgers.