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Is posting from a revenue journal to the customer account normally only done at the end of the month?
Wiki User
∙ 10y ago
no it is done on a regular basis
Wiki User
∙ 10y ago
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What is posting in accounting cycle?
Posting is recording in the ladgers information from journal. Posting is always from journal.
Is entering transactions in a journal called posting?
Posting
After posting the journal entries to the ledger what is the balance of the cash account?
In order to answer this question, you would need to know the amounts that were originally provided in the account balance and the ones that were booked in the ledger.
Which account would be closed by posting a debit to the account?
The closing process seeks to reduce the balance of each account that needs to be closed to zero; therefore, the closing entry must reverse whatever balance the account already has. This means that any (temporary) account that normally has a credit balance will be closed by posting a debit (and vice-versa). Revenue is an example of an account that must be closed with a debit, since it is normally a credit account.
What are the opening journal entry used in posting issued shares in a new company?
debit cash / bank /assetscredit share capital account
What is posting in accounting cycle?
Posting is recording in the ladgers information from journal. Posting is always from journal.
The purpose of transferring the journal entries to the account is known as?
Posting the entries to create a Trial Balance.
How to create a journal entry in SAP?
To create a journal entry in SAP, you can use transaction code FB50 (for general journal entries) or FB01 (for posting with reference). You'll need to enter the necessary details such as the posting date, account numbers, amounts, and a reference document number. Once you have completed the entries, you can save the journal entry.
What is posting in accounting?
Posting is recording in the ladgers information from journal. Posting is always from journal.
Is entering transactions in a journal called posting?
Posting
Bulk posting charges in sbi bank?
by happening this bank will credit some amount for customer account
Posting reference on the journal should be?
should be entered when posting to the ledger
After posting the journal entries to the ledger what is the balance of the cash account?
In order to answer this question, you would need to know the amounts that were originally provided in the account balance and the ones that were booked in the ledger.
Which account would be closed by posting a debit to the account?
The closing process seeks to reduce the balance of each account that needs to be closed to zero; therefore, the closing entry must reverse whatever balance the account already has. This means that any (temporary) account that normally has a credit balance will be closed by posting a debit (and vice-versa). Revenue is an example of an account that must be closed with a debit, since it is normally a credit account.
What are the opening journal entry used in posting issued shares in a new company?
debit cash / bank /assetscredit share capital account
How do you correct in the journal?
to correct an error made in the journal ( prior to posting in the ledger)
The posting process will include the transfer of the following information from the journal to the account?
To know what the posting process is the information about what program is being used or where the information is being posted. Without knowing this the process used to post is not able to be given.
