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The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
What items go directly to the general ledger without sub ledger posting?
accrued accounts
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
What are the key rules of ledger posting and balancing accounts?
it is based on dual aspects of accounting
When an accounts payable subsidiary ledger is used the entry to Accounts Payable requires two posting references in the general journal?
yes
The process of posting is associated most closely with the?
transferring journal entries to ledger accounts
What items go directly to the general ledger without sub ledger posting?
accrued accounts
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
How can we do ledger posting?
Ledger posting involves transferring transaction data from journals to the general ledger, where accounts are maintained. To do this, first, ensure that all transactions are accurately recorded in the journal with relevant details. Next, classify each transaction by account type and post the amounts to the corresponding ledger accounts, updating the balances accordingly. Finally, regularly review and reconcile ledger accounts to ensure accuracy and completeness.
What are the key rules of ledger posting and balancing accounts?
it is based on dual aspects of accounting
When are posts to ledger accounts made?
Posting to ledger accounts may be less frequent, perhaps at the end of each day, at the end of the week, or possibly even at the end of the month.
When an accounts payable subsidiary ledger is used the entry to Accounts Payable requires two posting references in the general journal?
yes
What are the rules for posting the cash payment journal to the ledger?
credit bank, debit all contra accounts :)
What are general ledger accounts?
he general ledger is a collection of the firm's accounts. While the general journal is organized as a chronological record of transactions, the ledger is organized by account. In casual use the accounts of the general ledger often take the form of simple two-column T-accounts. In the formal records of the company they may contain a third or fourth column to display the account balance after each posting.
What is posting in accounting?
Posting is recording in the ladgers information from journal. Posting is always from journal.
When posting the entries from the journal the Breneman Management Service Ledger should have at least one debit entry in how many accounts?
2
After posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?
2
