0
What is the process of transferring data from a journal to a ledger called?
Wiki User
∙ 10y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
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 posting is associated most closely with the?
transferring journal entries to ledger accounts
The process of transferring journal entries to a ledger is known as?
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.
Posting is performed by transferring information from the?
general journal to the general ledger...
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
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 posting is associated most closely with the?
transferring journal entries to ledger accounts
The process of transferring journal entries to a ledger is known as?
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.
Posting is performed by transferring information from the?
general journal to the general ledger...
What is posting in accounting?
Posting is recording in the ladgers information from journal. Posting is always from journal.
What relationship between the journal and the ledger?
Both the Journal and the Ledger are the two most important books used under the Double Entry System of "Book-Keeping". The relationship between the "Journal & Ledger" could be expressed as follows: Journal is the book of first or original entry - since all the Business Transactions are recorded first of all in the "Journal". While the "Ledger" is the book of second entry - since the transactions are "Posted" to the "Ledger" from the Journal. The Journal records tranasactions in "Chronological order", while the Ledger records the transactions in analytical order. The Journal is more reliable than Ledger since it is the book in which the entry is entered first. The process of recording transations is termed as "Journalising" while the process of recording transactions in the Ledger is called as "Posting". Ramesh Kutumbaka
What is difference between Journal and Ledger?
A journal records individual transactions in chronological order, while a ledger is a summary of all transactions grouped by accounts. The journal is the first step in the accounting process, whereas the ledger organizes and classifies the information from the journal. In essence, the journal is like a diary, and the ledger is like a filing cabinet.
What record that contains all accounts of company?
general ledger, general journal, special ledger, special journal, column balance ledger.
Why a cashbook is called Journalised ledger?
Cash book is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.
What a journal?
A journal is a magazine. Or for accounting it is a ledger book.
Examples of creditors ledger and a creditors journal?
creditors journal
