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Subsidiary ledgers should be posted regularly, typically daily or weekly, depending on the volume of transactions and the accounting practices of the organization. Frequent postings help maintain accuracy and ensure that the general ledger reflects up-to-date information. It's essential to establish a consistent schedule that aligns with your overall accounting cycle and reporting needs. Regular reconciliations should also be performed to ensure alignment between subsidiary and general ledgers.
What else can I help you with?
How are journals and ledgers interrelated in an accounting system?
journals are the recording of each transaction and legders is were we post those transaction.
What were passbooks?
Passbooks were booklets that contained transaction information of ones account essentially in a bank or a post office. Passbooks contained account statements. Initially they were handwritten from the bank/post-office's ledgers, thereafter with the introduction of IT in banks, it was being printed. Now you can get the details online by e-mail or on your mobile phone through an sms.
Why is it important to post to the subsidiary ledger daily?
This is important as this is part of the ledger which shows what is owing or owed at any given point in time. For example Debtors; all receipts from Debtors are posted into the subsidiary ledger (individual debtor accounts). Therefore, this ledger would show what is truly outstanding at any given day hence the need for daily posts..
Are sales on a post closing trial balance?
No, Sales, as a Revenue Account of the Income Statement, is a temporary account, which should not appear on the post-closing trial balance.
What is the first account that should be listed in the post closing trial balance?
In a post-closing trial balance, the first account listed is typically the Cash account. This is because it is usually the most liquid asset and often appears at the top of the asset section. Following Cash, other asset accounts are listed in order of liquidity, followed by liabilities and equity accounts.
What are the multiple ledgers in tally?
Multi Ledger is a group of Ledgers. Tally provides the Multi Ledger option to post it to a different ledger using this Multi ledger concept. It is just a grouping concept.
How are journals and ledgers interrelated in an accounting system?
journals are the recording of each transaction and legders is were we post those transaction.
Who owns Kiwibank?
Kiwibank is a subsidiary of New Zealand Post Limited, which is owned by the government.
How often should I post on real estate company's website?
Give your opinions.
Why is it important to categorise the reserves of the subsidiary company into pre-acquisition reserves and post-acquisition reserves for purpose of consolidation?
pre or post acquisition id made w.r.t date of acqn
What is the ticker symbol for 'The Washington Post'?
The ticker symbol for 'The Washington Post' is not publicly traded separately as it is now a subsidiary of Amazon.com. Therefore, investors would need to look up Amazon's ticker symbol, which is AMZN, to track the performance of 'The Washington Post' as a part of the company.
Should you write post stroke or post-stroke?
Post-stroke
What were passbooks?
Passbooks were booklets that contained transaction information of ones account essentially in a bank or a post office. Passbooks contained account statements. Initially they were handwritten from the bank/post-office's ledgers, thereafter with the introduction of IT in banks, it was being printed. Now you can get the details online by e-mail or on your mobile phone through an sms.
Should post sales have a hyphen?
The term "post sales" can be hyphenated as "post-sales" when used as a compound adjective before a noun, such as "post-sales support." However, when used as a noun phrase, it is typically written as two separate words, "post sales." The choice often depends on the context and style guide being followed.
Is red or black positive on a lawn mower battery?
More often than not, the red cable hooks up to the positive post on the battery. There should be a mark on or by each battery post to indicate whether it is the positive (+) or the negative (-) post.
How much Quikrete should be used for setting a fence post?
For setting a fence post, you should use about one bag of Quikrete per post.
How do you post Google Plus posts to HAVE YOU IN CIRCLES people but not to the public?
there is a setting that you can manipulate to your desire for each post when you post. so that only people who you want to view it, will be able to view your post. after you post it should be in the upper corner of your post or before you post you should be given an option on who you want your post to be visible to.
